Prudential Financial Inc. Sells 10,208 Shares of CMS Energy Corporation $CMS

Prudential Financial Inc. trimmed its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 645,713 shares of the utilities provider’s stock after selling 10,208 shares during the period. Prudential Financial Inc. owned approximately 0.22% of CMS Energy worth $44,735,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bison Wealth LLC bought a new position in CMS Energy during the 4th quarter valued at $312,000. Avantax Advisory Services Inc. grew its position in shares of CMS Energy by 35.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 25,738 shares of the utilities provider’s stock valued at $1,933,000 after acquiring an additional 6,744 shares during the period. Cetera Investment Advisers increased its position in CMS Energy by 8.1% in the first quarter. Cetera Investment Advisers now owns 36,741 shares of the utilities provider’s stock worth $2,760,000 after buying an additional 2,750 shares during the last quarter. Assetmark Inc. increased its holdings in CMS Energy by 3.3% in the 1st quarter. Assetmark Inc. now owns 91,867 shares of the utilities provider’s stock worth $6,900,000 after acquiring an additional 2,976 shares during the last quarter. Finally, HB Wealth Management LLC raised its position in shares of CMS Energy by 20.1% in the first quarter. HB Wealth Management LLC now owns 27,919 shares of the utilities provider’s stock valued at $2,097,000 after purchasing an additional 4,665 shares during the period. 93.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMS has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, October 8th. Wall Street Zen raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Barclays increased their target price on CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. KeyCorp upped their price objective on shares of CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Morgan Stanley lifted their price target on shares of CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.36.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $71.26, for a total transaction of $158,197.20. Following the transaction, the senior vice president directly owned 13,512 shares in the company, valued at $962,865.12. This represents a 14.11% 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, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy 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 transaction, the senior vice president owned 64,259 shares in the company, valued at $4,656,849.73. This trade represents a 5.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by insiders.

CMS Energy Stock Up 0.3%

CMS opened at $74.28 on Tuesday. The stock has a market cap of $22.60 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The firm’s fifty day moving average is $73.19 and its 200 day moving average is $71.85. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS. FY 2025 guidance at 3.560-3.600 EPS. On average, sell-side analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, November 7th. CMS Energy’s dividend payout ratio (DPR) is 62.72%.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.