CMS Energy Corporation $CMS Shares Bought by Magellan Asset Management Ltd

Magellan Asset Management Ltd raised its stake in CMS Energy Corporation (NYSE:CMS) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 252,895 shares of the utilities provider’s stock after acquiring an additional 13,393 shares during the quarter. Magellan Asset Management Ltd’s holdings in CMS Energy were worth $17,685,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CMS. Sound Income Strategies LLC raised 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 worth $25,000 after buying an additional 157 shares during the period. Elyxium Wealth LLC acquired a new position in shares of CMS Energy during the 4th quarter worth approximately $29,000. Quest 10 Wealth Builders Inc. raised 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 worth $33,000 after buying an additional 405 shares during the period. Dorato Capital Management acquired a new position in shares of CMS Energy during the 4th quarter worth approximately $37,000. Finally, Physician Wealth Advisors Inc. raised its stake in shares of CMS Energy by 29.7% during the 4th quarter. Physician Wealth Advisors Inc. now owns 703 shares of the utilities provider’s stock worth $49,000 after buying an additional 161 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Up 0.2%

Shares of NYSE:CMS opened at $70.39 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. The business has a fifty day moving average of $75.32 and a two-hundred day moving average of $73.91. The stock has a market cap of $21.74 billion, a P/E ratio of 19.44, a PEG ratio of 2.54 and a beta of 0.35. CMS Energy Corporation has a 52-week low of $68.41 and a 52-week high of $80.36.

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 the consensus estimate of $1.11 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, research analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BMO Capital Markets reduced their target price on CMS Energy from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday. Morgan Stanley set a $77.00 target price on CMS Energy in a research note on Thursday, May 21st. Williams Trading set a $80.00 target price on CMS Energy in a research note on Monday, February 9th. Wells Fargo & Company set a $80.00 target price on CMS Energy in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. reduced their target price on CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.17.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the 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 owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

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.