Verbena Value LP Sells 66,700 Shares of CMS Energy Corporation $CMS

Verbena Value LP reduced its stake in shares of CMS Energy Corporation (NYSE:CMS) by 23.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 219,500 shares of the utilities provider’s stock after selling 66,700 shares during the period. CMS Energy makes up approximately 2.8% of Verbena Value LP’s holdings, making the stock its 13th biggest holding. Verbena Value LP’s holdings in CMS Energy were worth $17,029,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC increased its position in shares of CMS Energy by 84.4% during the fourth quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares in the last quarter. Elyxium Wealth LLC bought a new stake in CMS Energy in the 4th quarter valued at $29,000. DV Equities LLC bought a new stake in CMS Energy in the 4th quarter valued at $29,000. MidFirst Bank acquired a new position in CMS Energy in the 4th quarter worth $31,000. Finally, Quest 10 Wealth Builders Inc. increased its holdings in CMS Energy by 653.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 405 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the sale, the senior vice president owned 67,111 shares in the company, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

CMS Energy Trading Up 0.0%

Shares of NYSE:CMS opened at $75.43 on Monday. CMS Energy Corporation has a 52-week low of $68.64 and a 52-week high of $80.36. The company has a market capitalization of $23.30 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 2.73 and a beta of 0.35. The company has a 50-day simple moving average of $74.12 and a 200 day simple moving average of $74.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Sell-side analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. CMS Energy’s dividend payout ratio is presently 62.98%.

Analysts Set New Price Targets

Several research firms have issued reports on CMS. Truist Financial dropped their price target on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Barclays reduced their price objective on CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of CMS Energy in a research report on Friday, June 5th. Morgan Stanley set a $77.00 target price on CMS Energy in a research note on Thursday, May 21st. Finally, Wall Street Zen raised CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.17.

CMS Energy Company Profile

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.