Strs Ohio decreased its stake in CMS Energy Corporation (NYSE:CMS – Free Report) by 18.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 452,113 shares of the utilities provider’s stock after selling 100,805 shares during the quarter. Strs Ohio owned about 0.15% of CMS Energy worth $33,122,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of CMS. Bison Wealth LLC bought a new stake in CMS Energy in the fourth quarter worth $312,000. Integrated Wealth Concepts LLC purchased a new stake in shares of CMS Energy in the first quarter valued at $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CMS Energy by 10.8% in 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 acquiring an additional 3,367 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of 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 purchasing an additional 1,226 shares during the period. Finally, Woodline Partners LP grew its holdings in CMS Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after purchasing an additional 7,300 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday. UBS Group cut their price objective on CMS Energy from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Wells Fargo & Company decreased their target price on CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.42.
CMS Energy Trading Down 0.5%
Shares of NYSE CMS opened at $70.63 on Friday. CMS Energy Corporation has a twelve month low of $65.17 and a twelve month high of $76.45. The firm has a market cap of $21.49 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.52 and a beta of 0.49. The business has a fifty day simple moving average of $71.34 and a two-hundred day simple moving average of $72.15. The company has a quick ratio of 0.60, a current ratio of 0.90 and a debt-to-equity ratio of 1.84.
CMS Energy (NYSE:CMS – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter 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. Analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.
Insider Activity at CMS Energy
In other news, SVP Brandon J. Hofmeister sold 4,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total value of $289,880.00. Following the completion of the sale, the senior vice president owned 64,259 shares in the company, valued at approximately $4,656,849.73. The trade was a 5.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.
About CMS Energy
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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