Allstate Corp Purchases New Position in CMS Energy Corporation $CMS

Allstate Corp acquired a new stake in CMS Energy Corporation (NYSE:CMS) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,830 shares of the utilities provider’s stock, valued at approximately $793,000.

Other institutional investors have also added to or reduced their stakes in the company. HM Payson & Co. raised its stake in shares of CMS Energy by 65.6% in the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 141 shares during the last quarter. First Horizon Corp purchased a new stake in shares of CMS Energy during the third quarter valued at $26,000. Trust Co. of Vermont increased its holdings in CMS Energy by 127.7% in the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock worth $37,000 after buying an additional 300 shares in the last quarter. Tobam raised its position in CMS Energy by 35.0% in the 2nd quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after buying an additional 145 shares during the last quarter. Finally, Capital A Wealth Management LLC lifted its stake in CMS Energy by 2,870.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 594 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 574 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 4,000 shares of the stock in a transaction on 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 directly owned 64,259 shares of the company’s stock, valued at $4,656,849.73. This 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 at this hyperlink. 0.40% of the stock is currently owned by company insiders.

CMS Energy Stock Down 1.0%

NYSE CMS opened at $71.00 on Friday. CMS Energy Corporation has a 52 week low of $65.10 and a 52 week 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 capitalization of $21.61 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.55 and a beta of 0.49. The stock’s 50-day moving average price is $71.40 and its 200-day moving average price is $72.14.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 earnings per share (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 company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the company posted $0.84 EPS. 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. On average, equities research analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Barclays cut their target price on shares of CMS Energy from $82.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Morgan Stanley reiterated an “underperform” rating on shares of CMS Energy in a research note on Wednesday. Wall Street Zen upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, UBS Group cut their price objective on CMS Energy from $81.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.42.

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.