Jennison Associates LLC Sells 200,016 Shares of CMS Energy Corporation $CMS

Jennison Associates LLC trimmed its stake in shares of CMS Energy Corporation (NYSE:CMS) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,652,130 shares of the utilities provider’s stock after selling 200,016 shares during the quarter. Jennison Associates LLC owned about 0.55% of CMS Energy worth $121,035,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CMS. Vanguard Group Inc. lifted its stake in shares of CMS Energy by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 39,044,129 shares of the utilities provider’s stock worth $2,704,977,000 after buying an additional 702,713 shares during the last quarter. Geode Capital Management LLC lifted its position in 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. Norges Bank acquired a new stake in CMS Energy during the second quarter worth approximately $238,951,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of CMS Energy by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,925,841 shares of the utilities provider’s stock worth $133,422,000 after acquiring an additional 22,994 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of CMS Energy by 1,048.7% in the second quarter. Qube Research & Technologies Ltd now owns 1,460,924 shares of the utilities provider’s stock valued at $101,213,000 after purchasing an additional 1,333,743 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction that occurred on 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 directly owned 64,259 shares of the company’s stock, valued at approximately $4,656,849.73. This represents a 5.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CMS shares. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday. KeyCorp upped their price objective on shares of CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Morgan Stanley reissued an “underperform” rating on shares of CMS Energy in a report on Wednesday. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Barclays cut their price target on shares of CMS Energy from $82.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.42.

CMS Energy Trading Down 0.5%

Shares of CMS stock opened at $70.63 on Friday. CMS Energy Corporation has a 1-year low of $65.17 and a 1-year high of $76.45. The company has a current ratio of 0.90, a quick ratio of 0.60 and a debt-to-equity ratio of 1.84. The stock has a market cap of $21.49 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.52 and a beta of 0.49. The stock has a 50-day moving average of $71.34 and a 200-day moving average of $72.15.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. CMS Energy had a net margin of 12.62% and a return on equity of 12.10%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS and its FY 2025 guidance at 3.560-3.600 EPS. On average, equities research analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Company 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.