CMS Energy Corporation $CMS Shares Sold by Vestcor Inc

Vestcor Inc reduced its stake in shares of CMS Energy Corporation (NYSE:CMS) by 87.2% during the third quarter, Holdings Channel.com reports. The firm owned 13,999 shares of the utilities provider’s stock after selling 95,635 shares during the period. Vestcor Inc’s holdings in CMS Energy were worth $1,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CMS. HM Payson & Co. grew 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 in the last quarter. First Horizon Corp bought a new stake in shares of CMS Energy during the 3rd quarter worth about $26,000. Covestor Ltd raised its position in shares of CMS Energy by 52.0% during the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after buying an additional 145 shares in the last quarter. Tobam lifted its stake in shares of CMS Energy by 35.0% in the 2nd quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 145 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new position in shares of CMS Energy in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity

In other CMS Energy news, Director Diane Leopold bought 2,000 shares of CMS Energy stock in a transaction dated Wednesday, February 25th. The stock was bought at an average price of $76.70 per share, for a total transaction of $153,400.00. Following the completion of the acquisition, the director directly owned 2,769 shares of the company’s stock, valued at approximately $212,382.30. This trade represents a 260.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the sale, the senior vice president directly owned 70,670 shares of the company’s stock, valued at approximately $5,528,514.10. This trade represents a 5.36% decrease in their position. 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. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price objective (up from $79.00) on shares of CMS Energy in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, January 21st. Morgan Stanley set a $80.00 price target on CMS Energy in a research report on Friday, February 20th. Wells Fargo & Company dropped their price objective on CMS Energy from $77.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Finally, Mizuho upped their price objective on CMS Energy from $73.00 to $76.00 and gave the company a “neutral” rating in a 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.38.

CMS Energy Price Performance

Shares of NYSE CMS traded up $1.01 during mid-day trading on Friday, reaching $77.79. The company had a trading volume of 159,904 shares, compared to its average volume of 3,180,922. The company has a 50-day moving average price of $73.59 and a two-hundred day moving average price of $72.75. The stock has a market cap of $23.84 billion, a PE ratio of 22.06, a P/E/G ratio of 2.69 and a beta of 0.46. The company has a current ratio of 0.98, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89. CMS Energy Corporation has a 1-year low of $67.71 and a 1-year high of $78.47.

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

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, February 17th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.54. CMS Energy’s dividend payout ratio is presently 64.59%.

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.