First Trust Advisors LP Buys 75,241 Shares of CMS Energy Corporation $CMS

First Trust Advisors LP increased its stake in shares of CMS Energy Corporation (NYSE:CMS) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,104,269 shares of the utilities provider’s stock after buying an additional 75,241 shares during the quarter. First Trust Advisors LP owned 0.36% of CMS Energy worth $80,899,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in CMS Energy by 0.3% in the third quarter. Vanguard Group Inc. now owns 39,170,301 shares of the utilities provider’s stock valued at $2,869,616,000 after acquiring an additional 126,172 shares during the period. Geode Capital Management LLC lifted its holdings 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 valued at $553,440,000 after acquiring an additional 130,059 shares during the period. Norges Bank acquired a new stake in shares of CMS Energy in the 2nd quarter valued at $238,951,000. Reaves W H & Co. Inc. grew its holdings in shares of CMS Energy by 14.8% in the 3rd quarter. Reaves W H & Co. Inc. now owns 2,149,018 shares of the utilities provider’s stock worth $157,437,000 after purchasing an additional 276,476 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in CMS Energy by 1.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,925,841 shares of the utilities provider’s stock valued at $133,422,000 after purchasing an additional 22,994 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

CMS has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, January 21st. Barclays increased their price target on CMS Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Jefferies Financial Group lifted their price objective on CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Bank of America set a $82.00 target price on CMS Energy in a report on Friday, January 30th. Finally, Mizuho raised their target price on CMS Energy from $73.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and a consensus target price of $79.38.

Insider Buying and Selling

In related news, Director John G. Russell sold 14,914 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $75.75, for a total value of $1,129,735.50. Following the completion of the sale, the director owned 131,568 shares in the company, valued at approximately $9,966,276. This represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $78.23, for a total value of $312,920.00. Following the transaction, the senior vice president owned 70,670 shares of the company’s stock, valued at $5,528,514.10. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,664 shares of company stock valued at $1,579,506 over the last 90 days. Company insiders own 0.49% of the company’s stock.

CMS Energy Stock Performance

Shares of NYSE:CMS opened at $77.27 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89. CMS Energy Corporation has a 1-year low of $67.71 and a 1-year high of $78.47. The stock has a market capitalization of $23.68 billion, a P/E ratio of 21.89, a P/E/G ratio of 2.74 and a beta of 0.46. The business has a 50-day moving average price of $73.21 and a two-hundred day moving average price of $72.68.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the company earned $0.87 EPS. CMS Energy’s revenue was up 12.3% on a year-over-year basis. 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 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.57 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. CMS Energy’s dividend payout ratio (DPR) is currently 64.59%.

About CMS Energy

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.