Reaves W H & Co. Inc. Trims Holdings in CMS Energy Corporation $CMS

Reaves W H & Co. Inc. decreased its stake in shares of CMS Energy Corporation (NYSE:CMS) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,087,283 shares of the utilities provider’s stock after selling 61,735 shares during the quarter. CMS Energy comprises 2.6% of Reaves W H & Co. Inc.’s holdings, making the stock its 13th largest position. Reaves W H & Co. Inc.’s holdings in CMS Energy were worth $145,964,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CMS. Norges Bank purchased a new position in CMS Energy during the fourth quarter worth approximately $316,057,000. Vanguard Group Inc. increased its stake in CMS Energy by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after acquiring an additional 1,501,991 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in CMS Energy by 70.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock worth $249,738,000 after acquiring an additional 1,481,779 shares during the last quarter. Soroban Capital Partners LP increased its stake in CMS Energy by 215.8% during the second quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock worth $99,429,000 after acquiring an additional 980,733 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in CMS Energy by 3,585.4% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 443,054 shares of the utilities provider’s stock worth $32,458,000 after acquiring an additional 431,032 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction on 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 directly owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

CMS Energy Price Performance

CMS stock opened at $72.60 on Monday. CMS Energy Corporation has a 52-week low of $68.37 and a 52-week high of $80.36. 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 $75.70 and a two-hundred day moving average of $74.01. The stock has a market cap of $22.43 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.35.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The company’s 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, research analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. CMS Energy’s payout ratio is presently 62.98%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Bank of America raised their target price on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Mizuho raised 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. BMO Capital Markets cut their target price on CMS Energy from $85.00 to $82.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. KeyCorp raised their target price on CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Finally, Morgan Stanley set a $77.00 target price on CMS Energy in a research note on Thursday, May 21st. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus target price of $80.83.

About CMS Energy

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.