SBI Okasan Asset Management Co.Ltd. Makes New Investment in CMS Energy Corporation $CMS

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of CMS Energy Corporation (NYSE:CMS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,300 shares of the utilities provider’s stock, valued at approximately $722,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC grew its position in shares of CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of CMS Energy during the 4th quarter worth approximately $29,000. Quest 10 Wealth Builders Inc. lifted its holdings in shares of CMS Energy by 653.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 405 shares during the period. Dorato Capital Management bought a new stake in shares of CMS Energy during the 4th quarter worth approximately $37,000. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of CMS Energy during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $72.60 on Friday. The company has a market cap of $22.43 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.65 and a beta of 0.37. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $75.70 and a 200 day simple moving average of $74.02. CMS Energy Corporation has a one year low of $68.37 and a one year high of $80.36.

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

CMS Energy Dividend Announcement

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

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the transaction, the senior vice president directly owned 67,111 shares in the company, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 1,750 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were 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 owned 24,223 shares of the company’s stock, valued at approximately $1,894,238.60. This trade represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company set a $80.00 price target on shares of CMS Energy in a report on Tuesday, April 21st. UBS Group reaffirmed a “neutral” rating on shares of CMS Energy in a report on Friday, February 6th. JPMorgan Chase & Co. cut their price target on shares of CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Bank of America upped their price target on shares of CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Truist Financial cut their price target on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a report on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.83.

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.