BROOKFIELD Corp ON Increases Stake in CMS Energy Corporation $CMS

BROOKFIELD Corp ON increased its stake in CMS Energy Corporation (NYSE:CMS) by 752.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 362,641 shares of the utilities provider’s stock after acquiring an additional 320,081 shares during the period. BROOKFIELD Corp ON’s holdings in CMS Energy were worth $28,134,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CMS. Norges Bank purchased a new position in CMS Energy during the fourth quarter worth approximately $316,057,000. Magellan Asset Management Ltd boosted its holdings in shares of CMS Energy by 698.7% in the 1st quarter. Magellan Asset Management Ltd now owns 2,019,954 shares of the utilities provider’s stock valued at $156,708,000 after purchasing an additional 1,767,059 shares during the last quarter. Vanguard Group Inc. grew its stake 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 buying an additional 1,501,991 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of CMS Energy by 70.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock valued at $249,738,000 after buying an additional 1,481,779 shares during the period. Finally, Parnassus Investments LLC acquired a new stake in shares of CMS Energy during the 4th quarter worth $102,983,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMS has been the topic of several research reports. KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Jefferies Financial Group set a $78.00 price target on CMS Energy in a research report on Thursday, July 16th. Wells Fargo & Company set a $80.00 price target on CMS Energy in a research note on Tuesday, April 21st. BMO Capital Markets raised their price objective on CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Finally, Bank of America lifted their price objective on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.33.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’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 $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

CMS Energy Stock Performance

Shares of CMS stock opened at $74.83 on Monday. The company’s fifty day simple moving average is $74.22 and its 200-day simple moving average is $74.73. CMS Energy Corporation has a 52 week low of $68.64 and a 52 week high of $80.36. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80. The company has a market cap of $23.12 billion, a PE ratio of 20.67, a P/E/G ratio of 2.71 and a beta of 0.35.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share 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 for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business posted $1.02 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, equities research analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 7th. CMS Energy’s payout ratio is currently 62.98%.

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.