Magellan Asset Management Ltd Purchases 38,949 Shares of CMS Energy Corporation $CMS

Magellan Asset Management Ltd grew its position in shares of CMS Energy Corporation (NYSE:CMS) by 19.4% during the third quarter, Holdings Channel reports. The institutional investor owned 239,502 shares of the utilities provider’s stock after purchasing an additional 38,949 shares during the quarter. Magellan Asset Management Ltd’s holdings in CMS Energy were worth $17,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. HM Payson & Co. raised its stake in CMS Energy by 65.6% in the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 141 shares during the period. Private Trust Co. NA boosted its position in CMS Energy by 10.1% during the third quarter. Private Trust Co. NA now owns 1,562 shares of the utilities provider’s stock worth $114,000 after purchasing an additional 143 shares during the period. Tobam increased its stake in shares of CMS Energy by 35.0% in the second quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 145 shares in the last quarter. Covestor Ltd raised its position in shares of CMS Energy by 52.0% in the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of CMS Energy by 1.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 12,680 shares of the utilities provider’s stock valued at $929,000 after buying an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Williams Trading set a $80.00 price objective on shares of CMS Energy in a research note on Monday, February 9th. Morgan Stanley set a $80.00 price target on CMS Energy in a research report on Friday. UBS Group reiterated a “neutral” rating on shares of CMS Energy in a research note on Friday, February 6th. Bank of America set a $82.00 target price on CMS Energy in a research note on Friday, January 30th. Finally, Jefferies Financial Group upped their price target on CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.08.

CMS Energy Price Performance

Shares of NYSE CMS opened at $76.75 on Wednesday. The stock’s 50-day simple moving average is $71.86 and its two-hundred day simple moving average is $72.38. CMS Energy Corporation has a twelve month low of $67.71 and a twelve month high of $77.28. The firm has a market capitalization of $23.52 billion, a P/E ratio of 21.74, a P/E/G ratio of 2.71 and a beta of 0.47. The company has a quick ratio of 0.76, a current ratio of 0.98 and a debt-to-equity ratio of 1.89.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.13 billion. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, equities analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.0%. This is a boost from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, February 17th. CMS Energy’s dividend payout ratio (DPR) is presently 64.59%.

Insider Buying and Selling

In other CMS Energy news, Director John G. Russell sold 14,914 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $75.75, for a total transaction of $1,129,735.50. Following the sale, the director owned 131,568 shares in the company, valued at $9,966,276. This trade represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

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.