Horizon Kinetics Asset Management LLC Sells 3,378 Shares of CMS Energy Corporation $CMS

Horizon Kinetics Asset Management LLC reduced its position in shares of CMS Energy Corporation (NYSE:CMS) by 21.6% in the second quarter, Holdings Channel reports. The firm owned 12,297 shares of the utilities provider’s stock after selling 3,378 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in CMS Energy were worth $852,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of CMS Energy by 1.8% during the second 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. Price T Rowe Associates Inc. MD lifted its position in CMS Energy by 16.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider’s stock valued at $1,243,438,000 after acquiring an additional 2,297,928 shares in the last quarter. Geode Capital Management LLC boosted its stake in CMS Energy by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 8,020,765 shares of the utilities provider’s stock valued at $553,440,000 after purchasing an additional 130,059 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of CMS Energy by 20.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,483,585 shares of the utilities provider’s stock worth $336,762,000 after purchasing an additional 753,173 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CMS Energy by 29.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,407,152 shares of the utilities provider’s stock worth $255,911,000 after purchasing an additional 783,077 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, October 8th. Morgan Stanley raised 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. Wall Street Zen raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. KeyCorp raised their target price on shares of CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Barclays boosted their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $78.36.

CMS Energy Stock Up 0.3%

CMS opened at $74.28 on Tuesday. The firm’s 50 day simple moving average is $73.19 and its two-hundred day simple moving average is $71.85. The company has a market capitalization of $22.60 billion, a PE ratio of 21.98, a PEG ratio of 2.76 and a beta of 0.42. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the business posted $0.84 EPS. CMS Energy’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. FY 2025 guidance at 3.560-3.600 EPS. As a group, equities analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

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

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $72.47, for a total transaction of $289,880.00. Following the completion of the transaction, the senior vice president directly owned 64,259 shares in the company, valued at approximately $4,656,849.73. The trade was a 5.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the sale, the senior vice president owned 13,512 shares in the company, valued at approximately $962,865.12. The trade was a 14.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by insiders.

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.