Insider Selling: CMS Energy (NYSE:CMS) SVP Sells $222,930.00 in Stock

CMS Energy Corporation (NYSE:CMS) SVP Brandon Hofmeister sold 3,000 shares of the business’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 of the company’s stock, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CMS Energy Trading Down 0.8%

Shares of NYSE:CMS opened at $72.60 on Friday. CMS Energy Corporation has a 12-month low of $68.37 and a 12-month high of $80.36. The stock has a market cap of $22.43 billion, a PE ratio of 20.05, a P/E/G ratio of 2.65 and a beta of 0.37. The business has a 50 day moving average of $75.70 and a 200-day moving average of $74.02. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80.

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, topping analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business’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. As a group, equities research analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

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

Institutional Investors Weigh In On CMS Energy

Several institutional investors have recently made changes to their positions in CMS. Bison Wealth LLC bought a new stake in shares of CMS Energy in the fourth quarter valued at approximately $312,000. Integrated Wealth Concepts LLC bought a new stake in CMS Energy during the first quarter worth $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CMS Energy by 10.8% during the first 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 during the last quarter. Empowered Funds LLC lifted its stake in CMS Energy by 22.0% during the first 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 during the last quarter. Finally, Woodline Partners LP lifted its stake in CMS Energy by 40.7% during the first quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock worth $1,896,000 after purchasing an additional 7,300 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMS has been the subject of a number of research analyst reports. Wall Street Zen cut 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 target on CMS Energy in a research note on Tuesday, April 21st. UBS Group reiterated a “neutral” rating on shares of CMS Energy in a research note on Friday, February 6th. BMO Capital Markets cut their price target on CMS Energy from $85.00 to $82.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Finally, Truist Financial cut their price target on CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.83.

About CMS Energy

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.