iA Global Asset Management Inc. Trims Stake in CMS Energy Corporation $CMS

iA Global Asset Management Inc. trimmed its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,361,949 shares of the utilities provider’s stock after selling 59,608 shares during the quarter. CMS Energy comprises about 1.4% of iA Global Asset Management Inc.’s holdings, making the stock its 15th largest position. iA Global Asset Management Inc.’s holdings in CMS Energy were worth $94,356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sigma Planning Corp grew its position in CMS Energy by 0.4% during the first quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider’s stock worth $2,407,000 after buying an additional 142 shares in the last quarter. Sage Mountain Advisors LLC grew its position in CMS Energy by 4.5% during the first quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider’s stock worth $252,000 after buying an additional 144 shares in the last quarter. Sumitomo Life Insurance Co. grew its position in CMS Energy by 1.3% during the first quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider’s stock worth $844,000 after buying an additional 146 shares in the last quarter. Nicholson Wealth Management Group LLC grew its position in CMS Energy by 0.7% during the second quarter. Nicholson Wealth Management Group LLC now owns 23,495 shares of the utilities provider’s stock worth $1,628,000 after buying an additional 158 shares in the last quarter. Finally, Croban grew its position in CMS Energy by 1.2% during the second quarter. Croban now owns 14,056 shares of the utilities provider’s stock worth $974,000 after buying an additional 167 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CMS shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, October 8th. KeyCorp upped their price objective on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Wells Fargo & Company upgraded CMS Energy to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley upped their price objective on CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.36.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Lauren Y. Snyder sold 2,220 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the sale, the senior vice president directly owned 13,512 shares in the company, valued at approximately $962,865.12. This trade represents a 14.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $73.62, for a total value of $147,240.00. Following the sale, the senior vice president owned 68,036 shares in the company, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Trading Up 0.6%

CMS opened at $73.66 on Friday. The business has a 50 day simple moving average of $72.51 and a two-hundred day simple moving average of $71.80. The firm has a market capitalization of $22.05 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.76 and a beta of 0.40. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS. FY 2025 guidance at 3.560-3.600 EPS. Analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be paid a $0.5425 dividend. The ex-dividend date is Friday, November 7th. This represents a $2.17 annualized dividend and a dividend yield of 2.9%. CMS Energy’s dividend payout ratio is presently 62.72%.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.