Panagora Asset Management Inc. Has $6.57 Million Holdings in CMS Energy Corporation $CMS

Panagora Asset Management Inc. grew its position in shares of CMS Energy Corporation (NYSE:CMS) by 125.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,870 shares of the utilities provider’s stock after buying an additional 52,863 shares during the quarter. Panagora Asset Management Inc.’s holdings in CMS Energy were worth $6,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CMS. Norges Bank bought a new stake in CMS Energy during the 2nd quarter worth approximately $238,951,000. Quadrature Capital Ltd acquired a new position in CMS Energy in the second quarter worth $532,000. State Board of Administration of Florida Retirement System grew its holdings in shares of CMS Energy by 2.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 316,518 shares of the utilities provider’s stock worth $21,928,000 after purchasing an additional 6,720 shares during the last quarter. Employees Retirement System of Texas bought a new stake in shares of CMS Energy during the second quarter worth $5,836,000. Finally, Choreo LLC raised its holdings in shares of CMS Energy by 5.1% in the second quarter. Choreo LLC now owns 9,021 shares of the utilities provider’s stock valued at $625,000 after buying an additional 437 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS stock opened at $72.67 on Wednesday. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45. The company has a quick ratio of 0.60, a current ratio of 0.90 and a debt-to-equity ratio of 1.84. The company has a market cap of $22.11 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.47. The business’s fifty day moving average is $73.68 and its 200-day moving average is $72.02.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS and its FY 2025 guidance at 3.560-3.600 EPS. Equities research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 7th were issued a dividend of $0.5425 per share. The ex-dividend date was Friday, November 7th. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. CMS Energy’s payout ratio is currently 62.72%.

Analyst Ratings Changes

CMS has been the topic of several research reports. Wells Fargo & Company upgraded shares of CMS Energy to a “hold” rating in a research report on Tuesday, October 28th. KeyCorp boosted their target price on shares of CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Morgan Stanley upped their price objective on CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.36.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $72.47, for a total transaction of $289,880.00. Following the transaction, the senior vice president directly owned 64,259 shares of the company’s stock, valued at $4,656,849.73. This trade represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Lauren Y. Snyder sold 2,220 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the completion of the transaction, the senior vice president directly owned 13,512 shares of the company’s stock, valued at $962,865.12. This trade represents a 14.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.49% of the stock is currently owned by corporate insiders.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.