Assetmark Inc. Trims Stake in CMS Energy Corporation $CMS

Assetmark Inc. decreased its position in CMS Energy Corporation (NYSE:CMS) by 12.8% in the first quarter, Holdings Channel.com reports. The firm owned 92,605 shares of the utilities provider’s stock after selling 13,536 shares during the quarter. Assetmark Inc.’s holdings in CMS Energy were worth $7,184,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bison Wealth LLC bought a new stake in shares of CMS Energy in the 4th quarter worth approximately $312,000. Integrated Wealth Concepts LLC purchased a new position in shares of CMS Energy in the 1st quarter worth about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CMS Energy by 10.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock worth $2,602,000 after purchasing an additional 3,367 shares in the last quarter. Empowered Funds LLC boosted its stake in CMS Energy by 22.0% in the 1st quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Woodline Partners LP grew its position in CMS Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after purchasing an additional 7,300 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CMS shares. BMO Capital Markets upped their price objective on CMS Energy from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday. Barclays boosted their price target on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Bank of America lifted their price objective on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, KeyCorp reissued an “overweight” rating and issued a $83.00 target price on shares of CMS Energy in a research report on Monday, June 8th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.33.

CMS Energy Stock Down 0.6%

NYSE CMS opened at $72.47 on Wednesday. CMS Energy Corporation has a 52 week low of $68.64 and a 52 week high of $80.36. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $22.39 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 2.64 and a beta of 0.35. The stock’s 50-day moving average price is $74.11 and its 200-day moving average price is $74.63.

CMS Energy (NYSE:CMS) last posted 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. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the business posted $1.02 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, equities research analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. CMS Energy’s dividend payout ratio (DPR) is 62.98%.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the sale, the senior vice president directly owned 67,111 shares in the company, valued at $4,987,018.41. The trade was a 4.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.

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.