Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of CMS Energy Corporation (NYSE:CMS – Free Report) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 573,084 shares of the utilities provider’s stock after purchasing an additional 4,839 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CMS Energy were worth $39,703,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMS. Avalon Trust Co grew its position in CMS Energy by 0.8% in the second quarter. Avalon Trust Co now owns 290,371 shares of the utilities provider’s stock valued at $20,117,000 after acquiring an additional 2,350 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of CMS Energy by 4.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 45,041 shares of the utilities provider’s stock valued at $3,120,000 after purchasing an additional 1,874 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CMS Energy by 1.6% during the second quarter. Geode Capital Management LLC now owns 8,020,765 shares of the utilities provider’s stock worth $553,440,000 after acquiring an additional 130,059 shares during the last quarter. Tobam raised its holdings in CMS Energy by 35.0% during the 2nd quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 145 shares during the last quarter. Finally, Beck Bode LLC lifted its holdings in CMS Energy by 4.1% in the second quarter. Beck Bode LLC now owns 258,289 shares of the utilities provider’s stock valued at $17,894,000 after buying an additional 10,101 shares during the period. Institutional investors own 93.57% of the company’s stock.
Insider Activity
In related news, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $72.47, for a total value of $289,880.00. Following the transaction, the senior vice president directly owned 64,259 shares of the company’s stock, valued at $4,656,849.73. This trade represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the transaction, the senior vice president owned 13,512 shares of the company’s stock, valued at approximately $962,865.12. This represents a 14.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by company insiders.
CMS Energy Stock Down 0.0%
CMS Energy (NYSE:CMS – Get Free Report) last announced its earnings results on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.83 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business’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 earnings per share. 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, equities analysts expect that CMS Energy Corporation will post 3.59 EPS for the current year.
CMS Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, November 7th. CMS Energy’s dividend payout ratio is presently 62.72%.
Analysts Set New Price Targets
Several equities analysts have weighed in on CMS shares. Wall Street Zen raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Morgan Stanley upped 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. Barclays raised their price target on shares of CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. KeyCorp lifted their target price on CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company upgraded shares of CMS Energy to a “hold” rating in a report on Tuesday, October 28th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.36.
View Our Latest Research Report on CMS
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.
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