Pacer Advisors Inc. Sells 7,960 Shares of CMS Energy Corporation $CMS

Pacer Advisors Inc. cut its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 20.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,402 shares of the utilities provider’s stock after selling 7,960 shares during the quarter. Pacer Advisors Inc.’s holdings in CMS Energy were worth $2,436,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CMS. Bison Wealth LLC acquired a new position in shares of CMS Energy in the fourth quarter valued at $312,000. Integrated Wealth Concepts LLC acquired a new stake in shares of CMS Energy during the 1st quarter worth about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CMS Energy by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock worth $2,602,000 after buying an additional 3,367 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of CMS Energy by 22.0% during the 1st quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after buying an additional 1,226 shares during the period. Finally, Woodline Partners LP boosted its holdings in shares of CMS Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock worth $1,896,000 after buying an additional 7,300 shares during the period. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CMS. Mizuho decreased their price target on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Barclays boosted their price objective on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Jefferies Financial Group set a $78.00 target price on CMS Energy in a research report on Thursday, July 16th. Finally, Truist Financial lowered their target price on CMS Energy from $85.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average target price of $81.67.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the transaction, the senior vice president owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

CMS Energy Trading Down 0.1%

Shares of CMS stock opened at $71.10 on Friday. CMS Energy Corporation has a fifty-two week low of $68.64 and a fifty-two week high of $80.36. The stock’s fifty day moving average price is $73.99 and its two-hundred day moving average price is $74.84. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. The company has a market cap of $22.30 billion, a PE ratio of 21.35, a P/E/G ratio of 2.58 and a beta of 0.35.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. CMS Energy’s revenue was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Equities analysts predict that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 annualized dividend and a yield of 3.2%. CMS Energy’s payout ratio is presently 68.47%.

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.