Assetmark Inc. Has $7.18 Million Stock Position in CMS Energy Corporation $CMS

Assetmark Inc. decreased its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 12.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,605 shares of the utilities provider’s stock after selling 13,536 shares during the quarter. Assetmark Inc.’s holdings in CMS Energy were worth $7,184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC grew its holdings in CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the last quarter. Elyxium Wealth LLC acquired a new position in CMS Energy in the 4th quarter valued at approximately $29,000. DV Equities LLC bought a new position in shares of CMS Energy during the fourth quarter valued at $29,000. MidFirst Bank bought a new position in shares of CMS Energy during the fourth quarter valued at $31,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in shares of CMS Energy by 653.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 405 shares during the period. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CMS shares. Wells Fargo & Company set a $80.00 price objective on CMS Energy in a report on Tuesday, April 21st. Jefferies Financial Group set a $78.00 target price on CMS Energy in a report on Thursday, July 16th. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. JPMorgan Chase & Co. increased their price target on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CMS Energy in a research report on Friday, June 5th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.33.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the transaction, the senior vice president directly owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

CMS Energy Stock Down 0.6%

CMS opened at $72.47 on Wednesday. CMS Energy Corporation has a twelve month low of $68.64 and a twelve month high of $80.36. The company’s 50-day moving average price is $74.11 and its two-hundred day moving average price is $74.63. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.64 and a beta of 0.35. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the business earned $1.02 EPS. CMS Energy’s revenue was up 11.6% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, equities analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s dividend payout ratio (DPR) is currently 62.98%.

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.