Wealthfront Advisers LLC Purchases 19,397 Shares of CMS Energy Corporation $CMS

Wealthfront Advisers LLC lifted its position in CMS Energy Corporation (NYSE:CMS) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 192,795 shares of the utilities provider’s stock after purchasing an additional 19,397 shares during the period. Wealthfront Advisers LLC’s holdings in CMS Energy were worth $14,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in CMS Energy by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after buying an additional 1,501,991 shares during the period. Geode Capital Management LLC raised its holdings in CMS Energy by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock valued at $579,902,000 after acquiring an additional 183,589 shares during the period. Norges Bank purchased a new position in shares of CMS Energy in the fourth quarter valued at about $316,057,000. Pictet Asset Management Holding SA lifted its position in shares of CMS Energy by 16.7% in the first quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after acquiring an additional 595,564 shares in the last quarter. Finally, FIL Ltd boosted its stake in shares of CMS Energy by 1.7% in the fourth quarter. FIL Ltd now owns 3,012,486 shares of the utilities provider’s stock worth $210,663,000 after acquiring an additional 49,134 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s 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 sale, the senior vice president owned 67,111 shares of the company’s stock, valued at $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by insiders.

CMS Energy Stock Performance

NYSE CMS opened at $74.31 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. CMS Energy Corporation has a 1-year low of $68.64 and a 1-year high of $80.36. The business has a 50 day simple moving average of $74.11 and a two-hundred day simple moving average of $74.57. The stock has a market capitalization of $22.96 billion, a PE ratio of 20.53, a P/E/G ratio of 2.68 and a beta of 0.35.

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 the consensus estimate of $1.11 by $0.02. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, research analysts predict that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMS. KeyCorp reissued an “overweight” rating and set a $83.00 target price on shares of CMS Energy in a research note on Monday, June 8th. Morgan Stanley set a $77.00 price objective on shares of CMS Energy in a report on Thursday, May 21st. Barclays boosted their target price on shares of CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday. Truist Financial cut their target price 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. Finally, Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average price target of $80.92.

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.