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Brandon J. Hofmeister, Senior Vice President at CMS Energy Corp (NYSE:CMS), recently sold 2,000 shares of the company’s common stock. The transaction, which took place on March 3, 2025, was executed at a price of $73.77 per share, resulting in a total sale value of $147,540. The sale occurred as the stock trades near its 52-week high of $75.06, with InvestingPro analysis indicating the stock is currently fairly valued with a market capitalization of $21.8 billion. Following this transaction, Hofmeister holds 71,931 shares directly. Additionally, he maintains indirect ownership of one share through a custodial account for his son.
The adjustment in his total holdings reflects an acquisition of 194 shares due to dividend reinvestment and 289 shares of restricted stock, acquired automatically in lieu of cash dividends as part of the CMS Performance Incentive Stock Plan.
In other recent news, CMS Energy reported fourth-quarter earnings that aligned with analyst expectations, though revenue fell short. The company announced adjusted earnings per share of $0.87, matching the estimates, while revenue reached $1.99 billion, below the projected $2.11 billion. CMS Energy also raised its 2025 earnings guidance to a range of $3.54 to $3.60 per share, slightly above the previous guidance midpoint. Additionally, the company increased its quarterly dividend to 54.25 cents per share, an annualized yield of about 3.2 percent, marking the 19th consecutive year of dividend growth.
Barclays (LON:BARC) recently upgraded CMS Energy’s stock rating from Equalweight to Overweight, raising the price target to $75. The upgrade was influenced by potential upside opportunities from energy efficiency initiatives and renewable energy investments in Michigan. Analyst Nicholas Campanella from Barclays highlighted that these initiatives could lead to an approximate $60 million annual increase in earnings. Moreover, CMS Energy’s strategic moves are expected to support its long-term EPS growth target of 6% to 8%, with a bias towards the higher end. These developments reflect a constructive regulatory environment that could positively impact the company’s financial performance.
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