First Trust Advisors LP Lowers Holdings in CMS Energy Corporation $CMS

First Trust Advisors LP decreased its position in CMS Energy Corporation (NYSE:CMS) by 12.4% during the first quarter, HoldingsChannel.com reports. The firm owned 947,185 shares of the utilities provider’s stock after selling 133,696 shares during the quarter. First Trust Advisors LP’s holdings in CMS Energy were worth $73,483,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CMS. Norges Bank purchased a new stake in shares of CMS Energy during the fourth quarter valued at approximately $316,057,000. Magellan Asset Management Ltd raised its holdings in CMS Energy by 698.7% in the 1st quarter. Magellan Asset Management Ltd now owns 2,019,954 shares of the utilities provider’s stock worth $156,708,000 after acquiring an additional 1,767,059 shares during the last quarter. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 1,501,991 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in 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 valued at $249,738,000 after acquiring an additional 1,481,779 shares in the last quarter. Finally, Parnassus Investments LLC bought a new position in CMS Energy in the 4th quarter valued at approximately $102,983,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of CMS Energy in a report on Friday, June 5th. Jefferies Financial Group set a $78.00 price target on CMS Energy in a report on Thursday, July 16th. Bank of America increased their price objective on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Barclays lifted their price objective on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Finally, Wells Fargo & Company set a $80.00 target price on CMS Energy in a research report on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $81.33.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was 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 represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

CMS Energy Trading Up 0.9%

Shares of CMS stock opened at $74.83 on Friday. 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 Corporation has a 12-month low of $68.64 and a 12-month high of $80.36. The stock has a market capitalization of $23.12 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.71 and a beta of 0.35. The firm’s 50 day moving average is $74.22 and its 200 day moving average is $74.69.

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

CMS Energy Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.0%. CMS Energy’s payout ratio is presently 62.98%.

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.