Sumitomo Life Insurance Co. Acquires New Holdings in CMS Energy Corporation $CMS

Sumitomo Life Insurance Co. bought a new position in CMS Energy Corporation (NYSE:CMSFree Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 10,079 shares of the utilities provider’s stock, valued at approximately $771,000.

A number of other large investors have also added to or reduced their stakes in the stock. Bison Wealth LLC purchased a new stake in CMS Energy during the 4th quarter valued at $312,000. Integrated Wealth Concepts LLC purchased a new position in shares of CMS Energy in the 1st quarter worth $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CMS Energy by 10.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock worth $2,602,000 after acquiring an additional 3,367 shares during the period. Empowered Funds LLC grew its holdings in shares of CMS Energy by 22.0% in the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after acquiring an additional 1,226 shares during the period. Finally, Woodline Partners LP increased its position in CMS Energy by 40.7% during the first quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after acquiring an additional 7,300 shares during the last quarter. Institutional investors 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 transaction of $222,930.00. Following the transaction, the senior vice president directly owned 67,111 shares of the company’s stock, valued at $4,987,018.41. The trade was a 4.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of recent research reports. KeyCorp downgraded CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Mizuho cut their price target on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. BMO Capital Markets upped their price target on shares of CMS Energy from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. UBS Group reiterated a “neutral” rating and issued a $84.00 price objective on shares of CMS Energy in a research note on Wednesday, July 29th. Finally, Barclays raised their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.83.

View Our Latest Research Report on CMS

CMS Energy Trading Down 2.0%

NYSE:CMS opened at $68.41 on Friday. CMS Energy Corporation has a one year low of $68.25 and a one year high of $80.36. The business has a fifty day moving average price of $73.65 and a 200-day moving average price of $74.75. The firm has a market capitalization of $21.45 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.47 and a beta of 0.35. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67.

CMS Energy (NYSE:CMSGet Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.CMS Energy’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Sell-side analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is 68.47%.

CMS Energy Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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