Cibc World Market Inc. Takes $1.77 Million Position in CMS Energy Corporation $CMS

Cibc World Market Inc. purchased a new stake in CMS Energy Corporation (NYSE:CMS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 25,299 shares of the utilities provider’s stock, valued at approximately $1,769,000.

Several other hedge funds also recently modified their holdings of CMS. Norges Bank acquired a new stake in shares of CMS Energy during the 4th quarter valued at $316,057,000. Vanguard Group Inc. lifted its stake in shares of CMS Energy by 3.8% in the 4th 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 lifted its stake in shares of CMS Energy by 70.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock valued at $249,738,000 after purchasing an additional 1,481,779 shares during the period. Soroban Capital Partners LP increased its position in CMS Energy by 215.8% in the 2nd quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock valued at $99,429,000 after buying an additional 980,733 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in CMS Energy by 52.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,480,908 shares of the utilities provider’s stock valued at $103,560,000 after buying an additional 508,757 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the transaction, the senior vice president owned 67,111 shares in the company, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

CMS Energy Trading Up 2.3%

NYSE CMS opened at $72.55 on Wednesday. The stock’s 50-day simple moving average is $75.07 and its two-hundred day simple moving average is $73.87. CMS Energy Corporation has a twelve month low of $68.41 and a twelve month high of $80.36. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $22.41 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.57 and a beta of 0.35.

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

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were issued a $0.57 dividend. The ex-dividend date was Friday, May 8th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. CMS Energy’s payout ratio is currently 62.98%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CMS shares. JPMorgan Chase & Co. decreased their target price on CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Truist Financial reduced their target price on CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a report on Monday, May 18th. KeyCorp reiterated an “overweight” rating and issued a $83.00 price objective on shares of CMS Energy in a research note on Monday. Barclays dropped their price objective on CMS Energy from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group lowered CMS Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from $88.00 to $74.00 in a report on Thursday, June 4th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.17.

CMS Energy Profile

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.