CMS Energy Corporation $CMS Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its stake in CMS Energy Corporation (NYSE:CMS) by 11.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 309,860 shares of the utilities provider’s stock after acquiring an additional 30,911 shares during the quarter. CIBC Asset Management Inc’s holdings in CMS Energy were worth $21,650,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in CMS Energy during the fourth quarter worth $316,057,000. Vanguard Group Inc. grew its position in shares of CMS Energy by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after purchasing an additional 1,501,991 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of CMS Energy by 70.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock worth $249,738,000 after purchasing an additional 1,481,779 shares in the last quarter. Soroban Capital Partners LP increased its stake in shares of CMS Energy by 215.8% during 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 in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in shares of CMS Energy by 52.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,480,908 shares of the utilities provider’s stock worth $103,560,000 after purchasing an additional 508,757 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Up 0.2%

CMS stock opened at $70.39 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80. The firm has a 50-day moving average of $75.32 and a two-hundred day moving average of $73.91. CMS Energy Corporation has a 12 month low of $68.41 and a 12 month high of $80.36. The company has a market cap of $21.74 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.54 and a beta of 0.35.

CMS Energy (NYSE:CMS) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, May 8th. CMS Energy’s dividend payout ratio is presently 62.98%.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the sale, the senior vice president directly owned 67,111 shares of the company’s stock, valued at $4,987,018.41. This trade represents a 4.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMS. Truist Financial lowered their price objective on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Jefferies Financial Group cut CMS Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from $88.00 to $74.00 in a report on Thursday. Mizuho raised their target price on CMS Energy from $73.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Barclays dropped their price target on CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, KeyCorp increased their price objective on CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.17.

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.