Allstate Corp Buys 9,210 Shares of CMS Energy Corporation $CMS

Allstate Corp increased its stake in CMS Energy Corporation (NYSE:CMS) by 85.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of CMS Energy by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after purchasing an additional 1,501,991 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of CMS Energy by 70.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock worth $249,738,000 after purchasing an additional 1,481,779 shares during the period. Soroban Capital Partners LP increased its holdings in shares of CMS Energy by 215.8% in the second quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock worth $99,429,000 after purchasing an additional 980,733 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of CMS Energy by 3,585.4% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 443,054 shares of the utilities provider’s stock worth $32,458,000 after purchasing an additional 431,032 shares during the period. Finally, Zimmer Partners LP grew its position in CMS Energy by 129.8% in the third quarter. Zimmer Partners LP now owns 694,400 shares of the utilities provider’s stock worth $50,872,000 after acquiring an additional 392,262 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CMS shares. BMO Capital Markets cut their price target on shares of CMS Energy from $85.00 to $82.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Wall Street Zen lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a report on Tuesday, April 21st. JPMorgan Chase & Co. lowered their price objective on shares of CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Finally, Williams Trading set a $80.00 target price on shares of CMS Energy in a research note on Monday, February 9th. Eight equities research 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.com, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $80.83.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 1,750 shares of CMS Energy stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $78.20, for a total transaction of $136,850.00. Following the transaction, the chief accounting officer owned 24,223 shares in the company, valued at approximately $1,894,238.60. The trade was a 6.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction on 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 in the company, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their position. The SEC filing for this sale provides additional information. 0.50% of the stock is currently owned by insiders.

CMS Energy Trading Down 0.8%

Shares of CMS stock opened at $72.60 on Friday. CMS Energy Corporation has a 1 year low of $68.37 and a 1 year high of $80.36. The firm has a fifty day moving average price of $75.70 and a 200-day moving average price 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 cap of $22.43 billion, a price-to-earnings ratio of 20.05, a PEG 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 (EPS) for the quarter, beating 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 firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm posted $1.02 EPS. The company’s revenue for the quarter 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, equities analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

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

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.