<div id="readability-page-1"><p>Hennessy Advisors Inc. lowered its holdings in shares of  CMS Energy Corporation (NYSE:CMS - Free Report) by 13.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor  owned 145,698 shares of the utilities provider's stock after selling 21,800 shares during the quarter. Hennessy Advisors Inc.'s holdings in CMS Energy were worth $10,674,000 at the end of the most recent reporting period.</p><p>Other institutional investors and hedge funds have also made changes to their positions in the company. Merit Financial Group LLC lifted its position in shares of  CMS Energy by 26.5% during the 3rd quarter. Merit Financial Group LLC now owns 4,819 shares of the utilities provider's stock valued at $353,000 after buying an additional 1,010 shares in the last quarter.  Ascent Group LLC raised its position in  CMS Energy by 727.5% during the third quarter. Ascent Group LLC now owns 24,594 shares of the utilities provider's stock worth $1,802,000 after acquiring an additional 21,622 shares during the period.  Segment Wealth Management LLC lifted its holdings in  CMS Energy by 3.4% during the third quarter. Segment Wealth Management LLC now owns 6,390 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 210 shares in the last quarter.  First American Bank lifted its holdings in  CMS Energy by 2.4% during the third quarter. First American Bank now owns 83,244 shares of the utilities provider's stock valued at $6,098,000 after purchasing an additional 1,942 shares in the last quarter.  Finally, HM Payson &amp; Co. grew its position in shares of  CMS Energy by 65.6% in the third quarter. HM Payson &amp; Co. now owns 356 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 141 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Analyst Upgrades and Downgrades</h2><p>CMS has been the topic of a number of research reports. Weiss Ratings  reaffirmed a &#34;buy (b-)&#34; rating on shares of CMS Energy in a research note on Wednesday, October 8th. JPMorgan Chase &amp; Co. reduced their target price on CMS Energy from $85.00 to $80.00 and set an &#34;overweight&#34; rating for the company in a report on Thursday, December 11th. Wells Fargo &amp; Company raised CMS Energy to a &#34;hold&#34; rating in a research note on Tuesday, October 28th. Wall Street Zen cut CMS Energy from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research report on Saturday, December 13th. Finally, KeyCorp raised their price objective on CMS Energy from $76.00 to $79.00 and gave the company an &#34;overweight&#34; rating in a report on Wednesday, October 15th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, CMS Energy currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $78.25.</p><p><b>View Our Latest Analysis on CMS</b></p><h2>CMS Energy Price Performance</h2><p>CMS stock opened at $69.98 on Thursday. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.90 and a quick ratio of 0.60. The firm has a market capitalization of $21.30 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.68 and a beta of 0.47. The business has a 50 day simple moving average of $72.37 and a 200-day simple moving average of $72.03. </p><p>CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.83 billion. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The firm's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS and its FY 2025 guidance at 3.560-3.600 EPS.  Equities research analysts anticipate that  CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year. </p><h2>CMS Energy Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 7th were issued a $0.5425 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.1%. CMS Energy's dividend payout ratio  is currently 62.72%. </p><h2>Insider Transactions at CMS Energy</h2><p>In other CMS Energy news, 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 transaction of $289,880.00. Following the transaction, the senior vice president directly owned 64,259 shares of the company's stock, valued at $4,656,849.73. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Insiders own  0.40% of the company's stock. </p><h2>CMS Energy Company Profile</h2> (Free Report)<p>CMS Energy <span>NYSE: CMS<span></span></span> 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.  </p><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than CMS Energy</li><li>The Best $1 You'll Spend This Holiday Season</li><li>Holiday surprise: $1 gets you everything</li><li>America’s “most deplorable” Christmas sale</li><li>Market Panic: Trump Just Dropped a Bomb on Your Stocks</li><li>Your family's wealth expires in 2026?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNNUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNNUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in CMS Energy Right Now?</h2><p>Before you consider CMS Energy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CMS Energy wasn't on the list.</p><p>While CMS Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Hennessy Advisors Inc. reduced its stake in CMS Energy Corporation by 13% in Q3, owning 145,698 shares valued at $10.67 million. Other investors, including Merit Financial Group and Ascent Group, adjusted their positions, with Ascent increasing its stake by 727.5%. CMS Energy's stock has a consensus rating of "Moderate Buy" and a target price of $78.25. The company reported Q3 earnings of $0.93 per share, exceeding estimates, and announced a quarterly dividend of $0.5425.</p>

CMS Energy Corporation $CMS Shares Sold by Hennessy Advisors Inc.