OP Asset Management Ltd bought a new stake in CMS Energy Corporation (NYSE:CMS – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 35,504 shares of the utilities provider’s stock, valued at approximately $2,754,000.
A number of other hedge funds also recently bought and sold shares of CMS. Swiss Life Asset Management Ltd grew its position in CMS Energy by 62.2% in the third quarter. Swiss Life Asset Management Ltd now owns 74,552 shares of the utilities provider’s stock worth $5,462,000 after acquiring an additional 28,577 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of CMS Energy by 2.3% in the 4th quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock worth $92,529,000 after purchasing an additional 30,000 shares during the period. Aberdeen Group plc boosted its holdings in shares of CMS Energy by 14.5% in the 4th quarter. Aberdeen Group plc now owns 877,487 shares of the utilities provider’s stock worth $61,363,000 after purchasing an additional 111,075 shares during the period. Vanguard Group Inc. increased its position in shares of CMS Energy by 3.8% during 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 last quarter. Finally, RIA Advisory Group LLC purchased a new stake in CMS Energy during the 4th quarter valued at $974,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.
Analyst Upgrades and Downgrades
CMS has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CMS Energy in a research note on Friday, June 5th. Barclays dropped their price target on shares of CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. BMO Capital Markets reduced their price objective on shares of CMS Energy from $82.00 to $81.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Jefferies Financial Group lowered CMS Energy from a “buy” rating to a “hold” rating and dropped their target price for the company from $88.00 to $74.00 in a research report on Thursday, June 4th. Finally, Morgan Stanley set a $77.00 price target on CMS Energy in a report on Thursday, May 21st. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $80.17.
CMS Energy Price Performance
Shares of CMS opened at $78.73 on Friday. The company has a 50 day moving average of $74.07 and a two-hundred day moving average of $73.95. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. CMS Energy Corporation has a twelve month low of $68.46 and a twelve month high of $80.36. The company has a market cap of $24.32 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.85 and a beta of 0.35.
CMS Energy (NYSE:CMS – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.
CMS Energy Announces Dividend
The firm also recently declared 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 dividend on an annualized basis and a yield of 2.9%. CMS Energy’s dividend payout ratio (DPR) is 62.98%.
Insiders Place Their Bets
In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s 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 completion of the sale, the senior vice president owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.
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.
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