Employees Retirement System of Texas Has $1.36 Million Position in CMS Energy Corporation $CMS

Key Points

• Employees Retirement System of Texas cut its CMS Energy stake by 69.4% in the fourth quarter, selling 44,202 shares and ending with 19,497 shares worth about $1.36 million.
• CMS Energy has a generally positive Wall Street outlook, with eight Buy ratings and five Hold ratings, giving it a Moderate Buy consensus and an average price target of $80.83.
• The utility reported strong quarterly results, beating earnings and revenue estimates, and it also declared a $0.57 quarterly dividend payable May 29, for an annualized yield of about 3.1%.

Employees Retirement System of Texas lowered its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 69.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,497 shares of the utilities provider's stock after selling 44,202 shares during the quarter. Employees Retirement System of Texas' holdings in CMS Energy were worth $1,363,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC lifted its stake in CMS Energy by 2.6% in the fourth quarter. Bleakley Financial Group LLC now owns 17,051 shares of the utilities provider's stock valued at $1,192,000 after acquiring an additional 433 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of CMS Energy by 107.1% in the fourth quarter. Harbour Investments Inc. now owns 2,730 shares of the utilities provider's stock valued at $191,000 after buying an additional 1,412 shares during the last quarter. Allstate Corp lifted its position in shares of CMS Energy by 85.0% in the fourth quarter. Allstate Corp now owns 20,040 shares of the utilities provider's stock valued at $1,401,000 after buying an additional 9,210 shares during the last quarter. Clearstead Advisors LLC lifted its position in shares of CMS Energy by 18.3% in the fourth quarter. Clearstead Advisors LLC now owns 3,116 shares of the utilities provider's stock valued at $218,000 after buying an additional 483 shares during the last quarter. Finally, RHL Group LLC acquired a new stake in shares of CMS Energy in the fourth quarter valued at approximately $76,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of recent analyst reports. Truist Financial cut their price objective on CMS Energy from $86.00 to $83.00 and set a "buy" rating for the company in a research report on Monday, May 18th. Morgan Stanley set a $77.00 target price on shares of CMS Energy in a research note on Thursday, May 21st. Bank of America raised their target price on shares of CMS Energy from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. UBS Group restated a "neutral" rating on shares of CMS Energy in a research note on Friday, February 6th. Finally, KeyCorp raised their target price on shares of CMS Energy from $79.00 to $83.00 and gave the stock an "overweight" rating in a research note on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $80.83.

CMS Energy Stock Performance

NYSE:CMS opened at $74.22 on Thursday. The stock has a market cap of $22.93 billion, a P/E ratio of 20.50, a PEG ratio of 2.69 and a beta of 0.37. The stock has a 50 day simple moving average of $75.89 and a 200 day simple moving average of $74.03. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80. CMS Energy Corporation has a 1-year low of $68.37 and a 1-year high of $80.36.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period last year, the firm posted $1.02 EPS. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Research analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be paid a $0.57 dividend. The ex-dividend date is Friday, May 8th. This represents a $2.28 annualized dividend and a yield of 3.1%. CMS Energy's payout ratio is 62.98%.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy 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 sale, the senior vice president owned 67,111 shares in the company, valued at $4,987,018.41. The trade was a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 1,750 shares of CMS Energy stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $78.20, for a total transaction of $136,850.00. Following the completion of the sale, the chief accounting officer owned 24,223 shares of the company's stock, valued at $1,894,238.60. This trade represents a 6.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,750 shares of company stock valued at $672,700 in the last quarter. Corporate 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.

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