CMS Energy Corporation $CMS Shares Bought by Allstate Corp

Allstate Corp grew its stake in shares of CMS Energy Corporation (NYSE:CMS) by 85.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,040 shares of the utilities provider’s stock after purchasing an additional 9,210 shares during the quarter. Allstate Corp’s holdings in CMS Energy were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Hantz Financial Services Inc. grew its position in shares of CMS Energy by 1.5% during the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock worth $662,000 after acquiring an additional 143 shares during the last quarter. Cim LLC grew its position in shares of CMS Energy by 0.8% during the third quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock worth $1,395,000 after acquiring an additional 152 shares during the last quarter. Norinchukin Bank The grew its position in CMS Energy by 0.9% in the 3rd quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider’s stock valued at $1,338,000 after buying an additional 156 shares during the last quarter. Sound Income Strategies LLC grew its position in CMS Energy by 84.4% in the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares during the last quarter. Finally, Horizon Investments LLC grew its position in CMS Energy by 1.4% in the 4th quarter. Horizon Investments LLC now owns 11,570 shares of the utilities provider’s stock valued at $809,000 after buying an additional 157 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley set a $77.00 price target on CMS Energy in a research note on Thursday, May 21st. Mizuho boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. UBS Group restated a “neutral” rating on shares of CMS Energy in a report on Friday, February 6th. Finally, Truist Financial lowered their price target on CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a report on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $80.83.

CMS Energy Stock Down 0.8%

CMS opened at $72.60 on Friday. CMS Energy Corporation has a fifty-two week low of $68.37 and a fifty-two week high of $80.36. The business has a 50-day moving average of $75.70 and a 200-day moving average of $74.02. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. The company has a market capitalization of $22.43 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.37.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data 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 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 firm’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business earned $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Equities research analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the sale, the senior vice president owned 67,111 shares in the company, valued at $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott B. Mcintosh sold 1,750 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $78.20, for a total value of $136,850.00. Following the completion of the transaction, the chief accounting officer directly owned 24,223 shares in the company, valued at $1,894,238.60. The trade was a 6.74% decrease in their position. The SEC filing for this sale provides additional information. 0.50% of the stock is owned by corporate insiders.

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.