CMS Energy Corporation $CMS Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its stake in shares of CMS Energy Corporation (NYSE:CMS) by 13.0% during the second quarter, Holdings Channel reports. The firm owned 517,575 shares of the utilities provider’s stock after selling 77,617 shares during the period. Bank of Montreal Can’s holdings in CMS Energy were worth $35,858,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky increased its stake in CMS Energy by 4.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider’s stock valued at $1,732,000 after purchasing an additional 893 shares during the period. Jane Street Group LLC grew its holdings in shares of CMS Energy by 503.4% during the first quarter. Jane Street Group LLC now owns 175,804 shares of the utilities provider’s stock worth $13,205,000 after buying an additional 146,667 shares during the last quarter. Cerity Partners LLC increased its position in CMS Energy by 32.6% in the 1st quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider’s stock valued at $2,605,000 after acquiring an additional 8,536 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in CMS Energy by 7.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 30,873 shares of the utilities provider’s stock valued at $2,176,000 after acquiring an additional 2,093 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in CMS Energy by 13.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 40,707 shares of the utilities provider’s stock worth $2,820,000 after acquiring an additional 4,855 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMS. Barclays upped their price target on CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Morgan Stanley raised their target price on shares of CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, October 8th. Wells Fargo & Company raised shares of CMS Energy to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen raised CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.36.

Insiders Place Their Bets

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the completion of the transaction, the senior vice president directly owned 13,512 shares in the company, valued at approximately $962,865.12. This trade represents a 14.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $72.47, for a total transaction of $289,880.00. Following the transaction, the senior vice president owned 64,259 shares of the company’s stock, valued at approximately $4,656,849.73. The trade was a 5.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.49% of the company’s stock.

CMS Energy Stock Down 0.3%

CMS stock opened at $72.35 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The company’s 50-day moving average price is $72.56 and its 200 day moving average price is $71.80. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45. The company has a market cap of $22.02 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.76 and a beta of 0.42.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.83 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS. FY 2025 guidance at 3.560-3.600 EPS. On average, research analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be issued a $0.5425 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.17 annualized dividend and a yield of 3.0%. CMS Energy’s dividend payout ratio is 62.72%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.