Boothbay Fund Management LLC Acquires 19,760 Shares of CMS Energy Corporation $CMS

Boothbay Fund Management LLC raised its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 92.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,101 shares of the utilities provider’s stock after acquiring an additional 19,760 shares during the quarter. Boothbay Fund Management LLC’s holdings in CMS Energy were worth $3,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Bison Wealth LLC purchased a new stake in CMS Energy in the fourth quarter worth about $312,000. Integrated Wealth Concepts LLC purchased a new position in shares of CMS Energy during the 1st quarter valued at about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CMS Energy by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock valued at $2,602,000 after acquiring an additional 3,367 shares during the period. Empowered Funds LLC grew 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 valued at $510,000 after acquiring an additional 1,226 shares during the period. Finally, Woodline Partners LP increased its holdings in CMS Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock worth $1,896,000 after acquiring an additional 7,300 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS opened at $78.31 on Tuesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.98. The stock has a market capitalization of $23.99 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.76 and a beta of 0.46. The company has a fifty day moving average of $73.91 and a 200 day moving average of $72.85. CMS Energy Corporation has a fifty-two week low of $67.71 and a fifty-two week high of $78.47.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, sell-side analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were given a $0.57 dividend. 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 dividend yield of 2.9%. The ex-dividend date was Tuesday, February 17th. CMS Energy’s dividend payout ratio (DPR) is presently 64.59%.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, January 21st. Morgan Stanley set a $80.00 target price on shares of CMS Energy in a research note on Friday, February 20th. Finally, Mizuho upped their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.38.

Insider Transactions at CMS Energy

In other news, Director John G. Russell sold 14,914 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $75.75, for a total transaction of $1,129,735.50. Following the sale, the director directly owned 131,568 shares of the company’s stock, valued at $9,966,276. This represents a 10.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diane Leopold bought 2,000 shares of the stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $76.70 per share, with a total value of $153,400.00. Following the completion of the transaction, the director directly owned 2,769 shares in the company, valued at approximately $212,382.30. The trade was a 260.08% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 20,664 shares of company stock valued at $1,579,506 in the last ninety days. 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.