Avalon Trust Co purchased a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 292,774 shares of the utilities provider's stock, valued at approximately $22,397,000. CMS Energy makes up 1.4% of Avalon Trust Co's holdings, making the stock its 20th biggest holding. Avalon Trust Co owned 0.09% of CMS Energy as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its stake in shares of CMS Energy by 3.3% during the fourth 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. lifted its holdings in CMS Energy by 1.5% in the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider's stock worth $662,000 after acquiring an additional 143 shares during the last quarter. Florida Financial Advisors LLC boosted its stake in 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 acquiring an additional 149 shares during the period. Cim LLC boosted its stake in 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 acquiring an additional 152 shares during the period. Finally, Norinchukin Bank The grew its holdings in shares of CMS Energy by 0.9% during the third quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider's stock valued at $1,338,000 after purchasing an additional 156 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at CMS Energy
In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the transaction, the senior vice president owned 67,111 shares in the company, valued at $4,987,018.41. This trade 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 is available through the SEC website. 0.50% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on CMS. BMO Capital Markets increased their price target on CMS Energy from $81.00 to $86.00 and gave the stock an "outperform" rating in a research report on Monday, July 20th. JPMorgan Chase & Co. upped their price objective on CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Mizuho dropped their target price on CMS Energy from $78.00 to $77.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Barclays raised their target price on CMS Energy from $79.00 to $81.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Finally, UBS Group reissued a "neutral" rating and set a $84.00 price target on shares of CMS Energy in a report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $81.67.
Get Our Latest Stock Report on CMS Energy
CMS Energy Trading Up 0.8%
Shares of CMS stock opened at $71.11 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. CMS Energy Corporation has a 1 year low of $68.64 and a 1 year high of $80.36. The stock has a fifty day moving average of $73.89 and a two-hundred day moving average of $74.79. The firm has a market capitalization of $22.30 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.58 and a beta of 0.35.
CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts expect that CMS Energy Corporation will post 3.87 EPS for the current year.
CMS Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a $0.57 dividend. The ex-dividend date is Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. CMS Energy's dividend payout ratio (DPR) is 68.47%.
CMS Energy Company Profile
(
Free Report)
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.
Further Reading
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