Envestnet Asset Management Inc. Purchases 70,908 Shares of CMS Energy Corporation $CMS

Envestnet Asset Management Inc. raised its position in shares of CMS Energy Corporation (NYSE:CMS) by 7.3% in the second quarter, Holdings Channel reports. The firm owned 1,038,686 shares of the utilities provider’s stock after acquiring an additional 70,908 shares during the quarter. Envestnet Asset Management Inc.’s holdings in CMS Energy were worth $71,960,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CMS. Bison Wealth LLC purchased a new stake in shares of CMS Energy during the 4th quarter valued at about $312,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of CMS Energy during the 1st quarter valued at about $1,125,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CMS Energy by 2.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,377 shares of the utilities provider’s stock valued at $2,773,000 after acquiring an additional 998 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of CMS Energy by 1.7% during the 1st quarter. Amalgamated Bank now owns 58,402 shares of the utilities provider’s stock valued at $4,387,000 after acquiring an additional 971 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of CMS Energy during the 1st quarter valued at about $961,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS opened at $73.21 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The company has a market cap of $21.92 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.76 and a beta of 0.40. The company’s 50 day moving average is $72.50 and its 200 day moving average is $71.80. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS. FY 2025 guidance at 3.560-3.600 EPS. On average, equities research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.17 annualized dividend and a yield of 3.0%. CMS Energy’s payout ratio is currently 64.20%.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the transaction, the senior vice president owned 13,512 shares of the company’s stock, valued at $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the transaction, the senior vice president directly owned 68,036 shares in the company, valued at $5,008,810.32. This represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of recent analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Wells Fargo & Company raised shares of CMS Energy to a “hold” rating in a report on Tuesday. KeyCorp raised their price target on shares of CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Barclays raised their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Finally, Morgan Stanley raised their price objective on shares of CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.36.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.