The Manufacturers Life Insurance Company Sells 10,993 Shares of CMS Energy Corporation $CMS

The Manufacturers Life Insurance Company trimmed its stake in CMS Energy Corporation (NYSE:CMS) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,321 shares of the utilities provider’s stock after selling 10,993 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of CMS Energy worth $15,929,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CMS. iA Global Asset Management Inc. lifted its stake in shares of CMS Energy by 2.3% in the fourth quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock worth $92,529,000 after acquiring an additional 30,000 shares during the period. Vanguard Group Inc. increased its position in CMS Energy by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after purchasing an additional 1,501,991 shares during the period. Aberdeen Group plc increased its position in CMS Energy by 14.5% during the 4th quarter. Aberdeen Group plc now owns 877,487 shares of the utilities provider’s stock valued at $61,363,000 after purchasing an additional 111,075 shares during the period. RIA Advisory Group LLC bought a new position in CMS Energy during the 4th quarter worth approximately $974,000. Finally, Capital Innovations LLC acquired a new position in shares of CMS Energy in the 4th quarter worth approximately $1,652,000. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMS. Mizuho reduced their price objective on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wells Fargo & Company set a $80.00 target price on shares of CMS Energy in a research note on Tuesday, April 21st. Truist Financial cut their price target on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Jefferies Financial Group set a $78.00 price target on shares of CMS Energy in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.83.

CMS Energy Stock Performance

Shares of CMS stock opened at $72.09 on Friday. The company has a market cap of $22.61 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.61 and a beta of 0.35. CMS Energy Corporation has a 52 week low of $68.64 and a 52 week high of $80.36. The company has a quick ratio of 0.66, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The firm has a 50 day moving average of $74.23 and a 200-day moving average of $74.81.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. CMS Energy’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. CMS Energy’s dividend payout ratio is currently 68.47%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the transaction, 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 position. 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 owned by company insiders.

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.