AlphaQuest LLC Lowers Stock Holdings in CMS Energy Corporation $CMS

AlphaQuest LLC reduced its stake in CMS Energy Corporation (NYSE:CMS) by 41.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,568 shares of the utilities provider’s stock after selling 20,636 shares during the quarter. AlphaQuest LLC’s holdings in CMS Energy were worth $1,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of CMS Energy by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after buying an additional 1,501,991 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of CMS Energy by 70.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock worth $249,738,000 after purchasing an additional 1,481,779 shares during the period. Soroban Capital Partners LP boosted its holdings in shares of CMS Energy by 215.8% in the 2nd quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock worth $99,429,000 after purchasing an additional 980,733 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of CMS Energy by 3,585.4% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 443,054 shares of the utilities provider’s stock worth $32,458,000 after purchasing an additional 431,032 shares during the period. Finally, Zimmer Partners LP boosted its holdings in shares of CMS Energy by 129.8% in the 3rd quarter. Zimmer Partners LP now owns 694,400 shares of the utilities provider’s stock worth $50,872,000 after purchasing an additional 392,262 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $78.23, for a total value of $312,920.00. Following the sale, the senior vice president directly owned 70,670 shares of the company’s stock, valued at approximately $5,528,514.10. The trade was a 5.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 1,750 shares of CMS Energy stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $78.20, for a total transaction of $136,850.00. Following the completion of the transaction, the chief accounting officer owned 24,223 shares of the company’s stock, valued at $1,894,238.60. This trade represents a 6.74% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMS. UBS Group reiterated a “neutral” rating on shares of CMS Energy in a report on Friday, February 6th. Truist Financial cut their price target on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their price objective on shares of CMS Energy from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, Jefferies Financial Group increased their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $80.83.

CMS Energy Trading Down 0.2%

NYSE CMS opened at $74.37 on Wednesday. The company has a fifty day simple moving average of $75.97 and a two-hundred day simple moving average of $74.01. The stock has a market cap of $22.97 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.70 and a beta of 0.37. CMS Energy Corporation has a 12-month low of $68.37 and a 12-month high of $80.36. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80.

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

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. CMS Energy’s payout ratio is 62.98%.

About CMS Energy

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.