Mather Group LLC. lifted its position in CMS Energy Corporation (NYSE:CMS – Free Report) by 84.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,509 shares of the utilities provider’s stock after acquiring an additional 11,649 shares during the period. Mather Group LLC.’s holdings in CMS Energy were worth $1,784,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in CMS Energy during the second quarter valued at approximately $238,951,000. Qube Research & Technologies Ltd increased its stake in CMS Energy by 1,048.7% in the second quarter. Qube Research & Technologies Ltd now owns 1,460,924 shares of the utilities provider’s stock valued at $101,213,000 after purchasing an additional 1,333,743 shares in the last quarter. Soroban Capital Partners LP raised its holdings in CMS Energy by 215.8% in the second quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock worth $99,429,000 after purchasing an additional 980,733 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in CMS Energy by 3,585.4% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 443,054 shares of the utilities provider’s stock worth $32,458,000 after purchasing an additional 431,032 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of CMS Energy by 236.2% during the third quarter. Assenagon Asset Management S.A. now owns 593,822 shares of the utilities provider’s stock worth $43,503,000 after purchasing an additional 417,183 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.
Insider Transactions at CMS Energy
In other news, CAO Scott B. Mcintosh sold 1,750 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $78.20, for a total transaction of $136,850.00. Following the completion of the transaction, the chief accounting officer directly owned 24,223 shares of the company’s stock, valued at $1,894,238.60. This represents a 6.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diane Leopold acquired 2,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director owned 2,769 shares of the company’s stock, valued at $212,382.30. This represents a 260.08% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 20,664 shares of company stock worth $1,579,506. Company insiders own 0.40% of the company’s stock.
CMS Energy Stock Down 0.2%
CMS Energy (NYSE:CMS – Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $0.87 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. On average, equities research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.
CMS Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 3.0%. CMS Energy’s dividend payout ratio is currently 64.59%.
Wall Street Analysts Forecast Growth
CMS has been the subject of several research analyst reports. UBS Group reissued a “neutral” rating on shares of CMS Energy in a report on Friday, February 6th. Mizuho raised their price objective on CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Williams Trading set a $80.00 target price on CMS Energy in a report on Monday, February 9th. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price (up from $79.00) on shares of CMS Energy in a research note on Monday, February 9th. Finally, Wall Street Zen downgraded CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, CMS Energy has an average rating of “Moderate Buy” and a consensus target price of $79.38.
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.
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