Vestcor Inc Decreases Stake in CMS Energy Corporation $CMS

Vestcor Inc trimmed its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 87.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,999 shares of the utilities provider’s stock after selling 95,635 shares during the quarter. Vestcor Inc’s holdings in CMS Energy were worth $1,026,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CMS. HM Payson & Co. grew its stake in CMS Energy by 65.6% during the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 141 shares in the last quarter. First Horizon Corp purchased a new position in shares of CMS Energy during the 3rd quarter valued at approximately $26,000. Covestor Ltd boosted its stake in shares of CMS Energy by 52.0% during the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after buying an additional 145 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of CMS Energy during the third quarter worth approximately $40,000. Finally, Tobam increased its stake in shares of CMS Energy by 35.0% in the second quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

NYSE CMS traded up $1.01 during trading hours on Friday, hitting $77.79. The company had a trading volume of 159,904 shares, compared to its average volume of 3,180,922. The company has a quick ratio of 0.76, a current ratio of 0.98 and a debt-to-equity ratio of 1.89. The firm has a market cap of $23.84 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 2.69 and a beta of 0.46. CMS Energy Corporation has a fifty-two week low of $67.71 and a fifty-two week high of $78.47. The business has a fifty day simple moving average of $73.59 and a 200-day simple moving average of $72.75.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. Equities analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were given a $0.57 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, February 17th. This represents a $2.28 annualized dividend and a yield of 2.9%. CMS Energy’s payout ratio is currently 64.59%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Williams Trading set a $80.00 price objective on shares of CMS Energy in a research note on Monday, February 9th. KeyCorp boosted their target price on shares of CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Bank of America set a $82.00 price target on shares of CMS Energy in a research report on Friday, January 30th. Mizuho lifted their price target on CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Morgan Stanley set a $80.00 price objective on CMS Energy in a report on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.38.

Insider Activity

In other CMS Energy news, Director John G. Russell sold 14,914 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $75.75, for a total value of $1,129,735.50. Following the sale, the director owned 131,568 shares in the company, valued at approximately $9,966,276. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $78.23, for a total value of $312,920.00. Following the sale, the senior vice president directly owned 70,670 shares in the company, valued at approximately $5,528,514.10. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,664 shares of company stock worth $1,579,506 in the last quarter. Company insiders own 0.40% of the company’s stock.

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.