Brandon Hofmeister Sells 3,000 Shares of CMS Energy (NYSE:CMS) Stock

CMS Energy Corporation (NYSE:CMS) SVP Brandon Hofmeister sold 3,000 shares of the firm’s 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 directly owned 67,111 shares in the company, valued at $4,987,018.41. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CMS Energy Trading Down 1.4%

NYSE CMS opened at $73.20 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. The company has a market capitalization of $22.61 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.69 and a beta of 0.37. The company’s 50-day simple moving average is $75.79 and its two-hundred day simple moving average is $74.03. CMS Energy Corporation has a one year low of $68.37 and a one year high of $80.36.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, beating 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 business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the firm posted $1.02 earnings per share. The company’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. Equities analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. CMS Energy’s payout ratio is presently 62.98%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CMS shares. Morgan Stanley set a $77.00 price objective on shares of CMS Energy in a research report on Thursday, May 21st. Truist Financial cut their price objective 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. BMO Capital Markets cut their price objective on shares of CMS Energy from $85.00 to $82.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Bank of America lifted their price objective on shares of CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus target price of $80.83.

Institutional Trading of CMS Energy

Institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC boosted its stake in CMS Energy by 84.4% in the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in CMS Energy in the 1st quarter worth approximately $31,000. Elyxium Wealth LLC acquired a new stake in CMS Energy in the 4th quarter worth approximately $29,000. DV Equities LLC acquired a new stake in CMS Energy in the 4th quarter worth approximately $29,000. Finally, Covestor Ltd boosted its stake in CMS Energy by 52.0% in the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.