DNB Asset Management AS Has $11.31 Million Stake in CMS Energy Corporation $CMS

DNB Asset Management AS increased its position in CMS Energy Corporation (NYSE:CMS) by 71.4% in the fourth quarter, HoldingsChannel reports. The firm owned 161,695 shares of the utilities provider’s stock after acquiring an additional 67,355 shares during the period. DNB Asset Management AS’s holdings in CMS Energy were worth $11,307,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CMS. Sound Income Strategies LLC boosted its stake 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 valued at $25,000 after buying an additional 157 shares during the period. First Horizon Corp acquired a new stake in shares of CMS Energy during the 3rd quarter valued at $26,000. Covestor Ltd boosted its stake in shares of CMS Energy by 52.0% during the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after buying an additional 145 shares during the period. Quest 10 Wealth Builders Inc. boosted its stake 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 valued at $33,000 after buying an additional 405 shares during the period. Finally, Dorato Capital Management acquired a new stake in shares of CMS Energy during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMS. KeyCorp lifted their target price on shares of CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. BMO Capital Markets decreased their target price on shares of CMS Energy from $85.00 to $82.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, January 21st. Wells Fargo & Company set a $80.00 target price on shares of CMS Energy in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.33.

Insider Buying and Selling at CMS Energy

In related news, CAO Scott B. Mcintosh sold 1,750 shares of CMS Energy stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $78.20, for a total value of $136,850.00. Following the completion of the sale, the chief accounting officer owned 24,223 shares of the company’s stock, valued at approximately $1,894,238.60. The trade was a 6.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction on Friday, February 27th. The shares were sold at an average price of $78.23, for a total transaction of $312,920.00. Following the completion of the sale, the senior vice president directly owned 70,670 shares of the company’s stock, valued at approximately $5,528,514.10. The trade was a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,664 shares of company stock worth $1,579,506 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

CMS Energy Stock Down 0.0%

CMS stock opened at $71.63 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80. CMS Energy Corporation has a 1 year low of $68.37 and a 1 year high of $80.36. The company has a fifty day simple moving average of $76.43 and a 200 day simple moving average of $73.98. The firm has a market cap of $22.13 billion, a PE ratio of 19.79, a PEG ratio of 2.59 and a beta of 0.37.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business 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. Sell-side analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, May 8th. CMS Energy’s payout ratio is presently 62.98%.

About CMS Energy

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.