First Trust Advisors LP Has $80.90 Million Holdings in CMS Energy Corporation $CMS

First Trust Advisors LP grew its position in CMS Energy Corporation (NYSE:CMS) by 7.3% during the third quarter, HoldingsChannel.com reports. The firm owned 1,104,269 shares of the utilities provider’s stock after buying an additional 75,241 shares during the quarter. First Trust Advisors LP’s holdings in CMS Energy were worth $80,899,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. HM Payson & Co. raised its position in CMS Energy by 65.6% in the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after buying an additional 141 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of CMS Energy by 10.1% in the third quarter. Private Trust Co. NA now owns 1,562 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 143 shares during the last quarter. Tobam lifted its position in shares of CMS Energy by 35.0% in the second quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 145 shares in the last quarter. Covestor Ltd boosted its holdings in CMS Energy by 52.0% during the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 145 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in CMS Energy by 1.4% in the third quarter. Exchange Traded Concepts LLC now owns 12,680 shares of the utilities provider’s stock valued at $929,000 after purchasing an additional 178 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Up 0.1%

CMS stock opened at $77.27 on Tuesday. CMS Energy Corporation has a 1-year low of $67.71 and a 1-year high of $78.47. The business’s 50 day simple moving average is $73.21 and its 200 day simple moving average is $72.68. The company has a current ratio of 0.98, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $23.68 billion, a PE ratio of 21.89, a PEG ratio of 2.74 and a beta of 0.46.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm posted $0.87 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were paid a $0.57 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 3.0%. CMS Energy’s dividend payout ratio (DPR) is currently 64.59%.

Wall Street Analyst Weigh In

CMS has been the subject of a number of recent research reports. Barclays increased their price objective on shares of CMS Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Jefferies Financial Group raised their price target on CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. upped their price objective on CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. KeyCorp raised their target price on shares of CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of CMS Energy in a research report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating and six 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 a consensus price target of $79.38.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 4,000 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $78.23, for a total transaction of $312,920.00. Following the transaction, the senior vice president owned 70,670 shares in the company, valued at approximately $5,528,514.10. This trade represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 1,750 shares of CMS Energy stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $78.20, for a total value of $136,850.00. Following the sale, the chief accounting officer directly owned 24,223 shares of the company’s stock, valued at approximately $1,894,238.60. The trade was a 6.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,664 shares of company stock valued at $1,579,506 in the last 90 days. Insiders own 0.49% of the company’s stock.

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.