Wealthfront Advisers LLC Takes $13.62 Million Position in CMS Energy Corporation $CMS

Wealthfront Advisers LLC purchased a new stake in CMS Energy Corporation (NYSE:CMS) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 178,048 shares of the utilities provider’s stock, valued at approximately $13,621,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CMS. Quadrant Capital Group LLC grew its position in shares of CMS Energy by 3.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 137 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of CMS Energy by 1.5% in the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock valued at $662,000 after buying an additional 143 shares in the last quarter. Florida Financial Advisors LLC boosted its stake in shares of CMS Energy by 4.9% in the fourth quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider’s stock valued at $220,000 after buying an additional 149 shares during the period. Cim LLC boosted its stake in shares of CMS Energy by 0.8% in the third quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock valued at $1,395,000 after buying an additional 152 shares during the period. Finally, Norinchukin Bank The grew its position in CMS Energy by 0.9% during the third quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider’s stock worth $1,338,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CMS shares. Weiss Ratings cut CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Bank of America raised their price target on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. UBS Group reaffirmed a “neutral” rating and issued a $84.00 price target on shares of CMS Energy in a research note on Wednesday, July 29th. KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Finally, Barclays increased their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.67.

CMS Energy Trading Down 0.3%

Shares of CMS stock opened at $71.17 on Wednesday. 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 $73.87 and its two-hundred day moving average price is $74.81. 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 $22.32 billion, a PE ratio of 21.37, a P/E/G ratio of 2.58 and a beta of 0.35.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.CMS Energy’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. 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%.

Insider Activity at CMS Energy

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. Company insiders own 0.50% 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.