Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 31,016 Shares of CMS Energy Corporation $CMS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in CMS Energy Corporation (NYSE:CMS) by 5.5% during the first quarter, HoldingsChannel.com reports. The firm owned 537,889 shares of the utilities provider’s stock after selling 31,016 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CMS Energy were worth $41,729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Midwest Trust Co bought a new stake in CMS Energy in the first quarter worth $219,000. Sequoia Financial Advisors LLC raised its position in shares of CMS Energy by 8.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 15,153 shares of the utilities provider’s stock worth $1,176,000 after purchasing an additional 1,212 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of CMS Energy by 10.4% in the 1st quarter. Kestra Advisory Services LLC now owns 10,509 shares of the utilities provider’s stock worth $815,000 after purchasing an additional 987 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in CMS Energy by 3.3% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 124,651 shares of the utilities provider’s stock worth $9,663,000 after purchasing an additional 3,949 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in CMS Energy by 0.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 35,129 shares of the utilities provider’s stock worth $2,725,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the transaction, the senior vice president directly owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Truist Financial reduced their price objective on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, May 18th. KeyCorp reiterated an “overweight” rating and issued a $83.00 target price on shares of CMS Energy in a research note on Monday, June 8th. Wells Fargo & Company set a $80.00 price target on shares of CMS Energy in a report on Tuesday, April 21st. JPMorgan Chase & Co. decreased 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, Bank of America increased their target price on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $80.17.

CMS Energy Stock Performance

CMS stock traded up $0.43 on Friday, hitting $75.43. The company had a trading volume of 2,283,746 shares, compared to its average volume of 3,010,972. 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 cap of $23.30 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 2.73 and a beta of 0.35. The stock’s 50-day simple moving average is $74.12 and its 200 day simple moving average is $74.41.

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. As a group, equities research analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a yield of 3.0%. CMS Energy’s dividend payout ratio is currently 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.