Envestnet Asset Management Inc. Reduces Holdings in CMS Energy Corporation $CMS

Envestnet Asset Management Inc. cut its position in CMS Energy Corporation (NYSE:CMS) by 60.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 415,646 shares of the utilities provider’s stock after selling 623,040 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of CMS Energy worth $30,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in CMS Energy by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 39,044,129 shares of the utilities provider’s stock valued at $2,704,977,000 after buying an additional 702,713 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CMS Energy by 1.6% in the second quarter. Geode Capital Management LLC now owns 8,020,765 shares of the utilities provider’s stock worth $553,440,000 after acquiring an additional 130,059 shares in the last quarter. Norges Bank acquired a new position in shares of CMS Energy in the second quarter worth about $238,951,000. Charles Schwab Investment Management Inc. boosted its holdings in CMS Energy by 1.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,925,841 shares of the utilities provider’s stock valued at $133,422,000 after purchasing an additional 22,994 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in CMS Energy by 1,048.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,460,924 shares of the utilities provider’s stock valued at $101,213,000 after purchasing an additional 1,333,743 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company reduced their target price on CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Bank of America set a $82.00 price target on shares of CMS Energy in a report on Friday, January 30th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 price objective (up from $79.00) on shares of CMS Energy in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, Mizuho increased their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.31.

CMS Energy Stock Performance

Shares of CMS stock opened at $74.53 on Thursday. The company has a market cap of $22.68 billion, a P/E ratio of 21.11, a PEG ratio of 2.62 and a beta of 0.47. The business has a 50 day moving average of $70.86 and a two-hundred day moving average of $72.23. CMS Energy Corporation has a 52 week low of $67.71 and a 52 week high of $76.45. The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 1.99.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. CMS Energy’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from CMS Energy’s previous quarterly dividend of $0.54. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. CMS Energy’s dividend payout ratio is presently 61.47%.

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.