Tobam Acquires 10,252 Shares of CMS Energy Corporation $CMS

Tobam lifted its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 1,029.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,248 shares of the utilities provider’s stock after purchasing an additional 10,252 shares during the quarter. Tobam’s holdings in CMS Energy were worth $787,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in CMS Energy by 3.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider’s stock worth $298,000 after buying an additional 137 shares during the period. Hantz Financial Services Inc. lifted its stake in CMS Energy by 1.5% in the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock valued at $662,000 after buying an additional 143 shares in the last quarter. Florida Financial Advisors LLC boosted its holdings in shares of CMS Energy by 4.9% in the fourth quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider’s stock valued at $220,000 after buying an additional 149 shares during the period. Cim LLC increased its position in shares of CMS Energy by 0.8% during the third quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock worth $1,395,000 after acquiring an additional 152 shares in the last quarter. Finally, Norinchukin Bank The raised its holdings in shares of CMS Energy by 0.9% during the third quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider’s stock worth $1,338,000 after acquiring an additional 156 shares during the period. Institutional investors own 93.57% of the company’s stock.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMS. Wells Fargo & Company set a $80.00 target price on shares of CMS Energy in a research note on Tuesday, April 21st. Morgan Stanley set a $77.00 price objective on CMS Energy in a report on Thursday, May 21st. Truist Financial cut their target price on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. KeyCorp reaffirmed an “overweight” rating and set a $83.00 price target on shares of CMS Energy in a research note on Monday, June 8th. Finally, BMO Capital Markets lowered their price objective on shares of CMS Energy from $82.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.17.

CMS Energy Stock Performance

Shares of CMS opened at $73.40 on Friday. The company has a market cap of $22.67 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.66 and a beta of 0.35. The firm has a 50-day moving average of $74.31 and a 200-day moving average of $73.81. CMS Energy Corporation has a one year low of $68.41 and a one year high of $80.36. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66.

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

CMS Energy Dividend Announcement

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

CMS Energy Company 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.