Insider Buying: CMS Energy (NYSE:CMS) Director Purchases 2,000 Shares of Stock

CMS Energy Corporation (NYSE:CMS) Director Diane Leopold purchased 2,000 shares of CMS Energy stock in a transaction on Wednesday, February 25th. The shares were purchased at an average cost of $76.70 per share, with a total value of $153,400.00. Following the transaction, the director owned 2,769 shares in the company, valued at approximately $212,382.30. The trade was a 260.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CMS Energy Stock Up 1.2%

NYSE CMS traded up $0.91 during trading hours on Friday, hitting $77.96. 1,320,090 shares of the company traded hands, compared to its average volume of 3,257,829. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.98. The business’s 50-day moving average is $72.12 and its 200-day moving average is $72.44. The stock has a market capitalization of $23.89 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 2.72 and a beta of 0.47. CMS Energy Corporation has a twelve month low of $67.71 and a twelve month high of $78.31.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. CMS Energy’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. Sell-side analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 annualized dividend and a yield of 2.9%. This is a boost from CMS Energy’s previous quarterly dividend of $0.54. CMS Energy’s payout ratio is presently 64.59%.

Hedge Funds Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently bought and sold shares of CMS. Vanguard Group Inc. grew its stake in shares of CMS Energy by 3.8% in 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. Geode Capital Management LLC raised its position in shares of CMS Energy by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock worth $579,902,000 after purchasing an additional 183,589 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of CMS Energy by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,900,632 shares of the utilities provider’s stock worth $358,865,000 after purchasing an additional 128,860 shares in the last quarter. Norges Bank acquired a new stake in CMS Energy in the 4th quarter valued at $316,057,000. Finally, Pictet Asset Management Holding SA increased its stake in 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 purchasing an additional 1,481,779 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMS. Wells Fargo & Company cut their price target on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Mizuho upped their target price on CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Williams Trading set a $80.00 target price on CMS Energy in a report on Monday, February 9th. UBS Group reissued a “neutral” rating on shares of CMS Energy in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.08.

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.