Truist Financial Corp Sells 238,047 Shares of CMS Energy Corporation $CMS

Key Points

• Truist Financial cut its CMS Energy stake by 33.0%, selling 238,047 shares and retaining 482,772 shares (about 0.16% ownership) valued at roughly $33.76 million at quarter-end.
• CMS Energy beat Q1 estimates with $1.13 EPS and $2.73B revenue (up 11.6% YoY), set FY2026 guidance of 3.83–3.90 EPS, and holds a consensus "Moderate Buy" rating with an average price target of $81.50.
• The company declared a quarterly dividend of $0.57 (3.0% yield) payable May 29, while insiders were active—one director purchased 2,000 shares recently and insiders sold 20,664 shares over the past 90 days.

Truist Financial Corp decreased its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 33.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 482,772 shares of the utilities provider's stock after selling 238,047 shares during the period. Truist Financial Corp owned approximately 0.16% of CMS Energy worth $33,760,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CMS. Bison Wealth LLC bought a new position in CMS Energy during the 4th quarter worth $312,000. Integrated Wealth Concepts LLC bought a new position in CMS Energy during the 1st quarter worth $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CMS Energy by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider's stock worth $2,602,000 after buying an additional 3,367 shares during the period. Empowered Funds LLC increased its position in CMS Energy by 22.0% during the 1st quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider's stock worth $510,000 after buying an additional 1,226 shares during the period. Finally, Woodline Partners LP increased its position in CMS Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider's stock worth $1,896,000 after buying an additional 7,300 shares during the period. Institutional investors own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on CMS Energy from $80.00 to $81.00 and gave the stock an "overweight" rating in a research report on Thursday, January 15th. Bank of America increased their price objective on CMS Energy from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Morgan Stanley set a $80.00 price target on CMS Energy in a research report on Friday, February 20th. BMO Capital Markets decreased their price target on CMS Energy from $86.00 to $85.00 and set an "outperform" rating on the stock in a research report on Friday, April 17th. Finally, KeyCorp raised their price target on CMS Energy from $79.00 to $83.00 and gave the stock an "overweight" rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, CMS Energy has a consensus rating of "Moderate Buy" and an average price target of $81.50.

CMS Energy Stock Down 1.0%

Shares of NYSE CMS opened at $74.91 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. CMS Energy Corporation has a 52 week low of $67.71 and a 52 week high of $80.36. The stock has a market capitalization of $23.14 billion, a P/E ratio of 20.69, a PEG ratio of 2.74 and a beta of 0.37. The stock's fifty day moving average is $77.11 and its 200 day moving average is $74.07.

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

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $2.28 annualized dividend and a yield of 3.0%. CMS Energy's dividend payout ratio (DPR) is 62.98%.

Insiders Place Their Bets

In other CMS Energy news, Director Diane Leopold acquired 2,000 shares of CMS Energy stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average cost of $76.70 per share, with a total value of $153,400.00. Following the completion of the purchase, the director directly owned 2,769 shares of the company's stock, valued at $212,382.30. This represents a 260.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the firm's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the sale, the senior vice president directly owned 70,670 shares in the company, valued at $5,528,514.10. This trade represents a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 20,664 shares of company stock valued at $1,579,506. 0.50% of the stock is owned by corporate insiders.

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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