Norges Bank Acquires New Position in CMS Energy Corporation $CMS

Norges Bank bought a new position in CMS Energy Corporation (NYSE:CMS) in the second quarter, Holdings Channel reports. The institutional investor bought 3,449,056 shares of the utilities provider’s stock, valued at approximately $238,951,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bison Wealth LLC purchased a new position in shares of CMS Energy during the fourth quarter worth approximately $312,000. Cetera Investment Advisers grew its holdings in shares of CMS Energy by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 36,741 shares of the utilities provider’s stock valued at $2,760,000 after purchasing an additional 2,750 shares during the last quarter. Mackenzie Financial Corp raised its position in CMS Energy by 13.2% in the 1st quarter. Mackenzie Financial Corp now owns 29,406 shares of the utilities provider’s stock worth $2,209,000 after purchasing an additional 3,429 shares during the period. Federated Hermes Inc. lifted its stake in CMS Energy by 32.9% in the first quarter. Federated Hermes Inc. now owns 1,328 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 329 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in CMS Energy by 38.1% in the first quarter. Harbour Investments Inc. now owns 1,110 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 306 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Lauren Y. Snyder sold 2,220 shares of CMS Energy stock in a transaction that occurred 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 $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $72.47, for a total value of $289,880.00. Following the completion of the sale, the senior vice president directly owned 64,259 shares in the company, valued at approximately $4,656,849.73. The trade was a 5.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

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

CMS Energy Stock Down 3.0%

Shares of NYSE CMS opened at $73.18 on Tuesday. The firm has a fifty day simple moving average of $73.65 and a two-hundred day simple moving average of $72.01. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $22.27 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter 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. Equities analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th were given a $0.5425 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. CMS Energy’s dividend payout ratio is currently 62.72%.

CMS Energy Company 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.