CMS Energy Corporation $CMS Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its stake in shares of CMS Energy Corporation (NYSE:CMS) by 151.0% during the first quarter, HoldingsChannel reports. The fund owned 118,565 shares of the utilities provider’s stock after acquiring an additional 71,322 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in CMS Energy were worth $9,198,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in shares of CMS Energy by 3.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 137 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of CMS Energy by 1.5% during the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock worth $662,000 after purchasing an additional 143 shares during the last quarter. Florida Financial Advisors LLC lifted its position in shares of CMS Energy by 4.9% during the fourth quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 149 shares during the last quarter. Cim LLC grew its stake in CMS Energy by 0.8% in the third quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock worth $1,395,000 after purchasing an additional 152 shares in the last quarter. Finally, Norinchukin Bank The grew its stake in CMS Energy by 0.9% in the third quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider’s stock worth $1,338,000 after purchasing an additional 156 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on CMS. Bank of America boosted their price objective on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. KeyCorp reaffirmed an “overweight” rating and set a $83.00 target price on shares of CMS Energy in a report on Monday, June 8th. Morgan Stanley set a $77.00 target price on CMS Energy in a research report on Thursday, May 21st. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Finally, Barclays upped their price target on CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.92.

CMS Energy Trading Up 0.4%

NYSE CMS opened at $74.31 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. CMS Energy Corporation has a one year low of $68.64 and a one year high of $80.36. The company has a 50-day simple moving average of $74.11 and a 200-day simple moving average of $74.57. The firm has a market capitalization of $22.96 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.68 and a beta of 0.35.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. CMS Energy’s quarterly 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. On average, equities analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. CMS Energy’s dividend payout ratio is 62.98%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total transaction of $222,930.00. Following the sale, the senior vice president directly owned 67,111 shares in the company, 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 can be accessed through the SEC website. Insiders own 0.50% 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.