Graham Capital Management L.P. Trims Stock Position in CMS Energy Corporation $CMS

Graham Capital Management L.P. lessened its stake in shares of CMS Energy Corporation (NYSE:CMS) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,748 shares of the utilities provider’s stock after selling 11,528 shares during the quarter. Graham Capital Management L.P.’s holdings in CMS Energy were worth $8,304,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in CMS Energy in the 4th quarter valued at $316,057,000. Vanguard Group Inc. raised its position in CMS Energy by 3.8% in 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 last quarter. Pictet Asset Management Holding SA raised its position in CMS Energy by 70.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock valued at $249,738,000 after purchasing an additional 1,481,779 shares during the last quarter. Parnassus Investments LLC purchased a new stake in CMS Energy in the 4th quarter valued at $102,983,000. Finally, Soroban Capital Partners LP raised its position in CMS Energy by 215.8% in the 2nd quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock valued at $99,429,000 after purchasing an additional 980,733 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 0.5%

Shares of CMS Energy stock opened at $74.00 on Wednesday. The company has a market cap of $22.86 billion, a P/E ratio of 20.44, a PEG ratio of 2.67 and a beta of 0.35. 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 $68.41 and a one year high of $80.36. The firm has a fifty day moving average of $74.63 and a two-hundred day moving average of $73.84.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. CMS Energy’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, 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 declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 dividend on an annualized basis 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 company’s stock in a transaction on 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 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 SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CMS has been the subject of several research reports. Jefferies Financial Group downgraded shares of CMS Energy from a “buy” rating to a “hold” rating and reduced their price target for the company from $88.00 to $74.00 in a research report on Thursday, June 4th. Morgan Stanley set a $77.00 price target on shares of CMS Energy in a research report on Thursday, May 21st. KeyCorp reiterated an “overweight” rating and issued a $83.00 price target on shares of CMS Energy in a research report on Monday, June 8th. Barclays reduced their price target on shares of CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.17.

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.