CMS Energy Corporation $CMS Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in shares of CMS Energy Corporation (NYSE:CMS) by 16.9% during the first quarter, HoldingsChannel reports. The fund owned 633,281 shares of the utilities provider’s stock after selling 128,881 shares during the quarter. California Public Employees Retirement System’s holdings in CMS Energy were worth $49,130,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CMS. Bison Wealth LLC acquired a new position in CMS Energy in the fourth quarter worth about $312,000. Integrated Wealth Concepts LLC acquired a new stake in CMS Energy during the first quarter valued at approximately $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CMS Energy by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock valued at $2,602,000 after buying an additional 3,367 shares in the last quarter. Empowered Funds LLC raised its stake in CMS Energy by 22.0% during the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock valued at $510,000 after buying an additional 1,226 shares in the last quarter. Finally, Woodline Partners LP lifted its holdings in CMS Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock worth $1,896,000 after buying an additional 7,300 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Truist Financial reduced their price objective 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. Bank of America lifted their price objective on shares of CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Barclays boosted their target price on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, BMO Capital Markets increased their target price on shares of CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.33.

Insider Transactions at CMS Energy

In other CMS Energy 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 transaction, the senior vice president owned 67,111 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

CMS Energy Trading Down 1.0%

Shares of CMS stock opened at $72.88 on Tuesday. CMS Energy Corporation has a 1 year low of $68.64 and a 1 year high of $80.36. The firm has a market capitalization of $22.51 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.67 and a beta of 0.35. The stock has a fifty day moving average of $74.13 and a two-hundred day moving average of $74.62. 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 issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the company earned $1.02 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, research analysts expect that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy 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.