Massachusetts Financial Services Co. MA Sells 296,877 Shares of CMS Energy Corporation $CMS

Massachusetts Financial Services Co. MA trimmed its stake in shares of CMS Energy Corporation (NYSE:CMS) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,331,771 shares of the utilities provider’s stock after selling 296,877 shares during the period. Massachusetts Financial Services Co. MA owned approximately 3.12% of CMS Energy worth $646,505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Teachers Retirement System of The State of Kentucky boosted its holdings 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 acquiring an additional 893 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of CMS Energy by 503.4% in the 1st quarter. Jane Street Group LLC now owns 175,804 shares of the utilities provider’s stock valued at $13,205,000 after purchasing an additional 146,667 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of 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 purchasing an additional 8,536 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of 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 worth $2,176,000 after buying an additional 2,093 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of CMS Energy by 10.9% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 591,377 shares of the utilities provider’s stock worth $40,971,000 after buying an additional 58,024 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS stock opened at $73.91 on Friday. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. 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 firm has a market cap of $22.49 billion, a PE ratio of 21.87, a P/E/G ratio of 2.76 and a beta of 0.42. The business’s 50-day moving average price is $72.88 and its two-hundred day moving average price is $71.83.

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

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, November 7th. CMS Energy’s dividend payout ratio is 62.72%.

Analysts Set New Price Targets

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

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 4,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $72.47, for a total transaction of $289,880.00. Following the completion of the sale, the senior vice president owned 64,259 shares of the company’s stock, valued at $4,656,849.73. This represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 13,512 shares in the company, valued at $962,865.12. This represents a 14.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by corporate insiders.

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.