CMS Energy Corporation $CMS Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of CMS Energy Corporation (NYSE:CMS) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,323,146 shares of the utilities provider’s stock after acquiring an additional 183,589 shares during the period. Geode Capital Management LLC’s holdings in CMS Energy were worth $579,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC grew its stake in shares of CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of CMS Energy during the 4th quarter worth approximately $29,000. Quest 10 Wealth Builders Inc. grew its stake in shares of CMS Energy by 653.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 405 shares during the period. Dorato Capital Management acquired a new stake in shares of CMS Energy during the 4th quarter worth approximately $37,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of CMS Energy during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Down 0.8%

Shares of NYSE:CMS opened at $72.60 on Friday. CMS Energy Corporation has a 1 year low of $68.37 and a 1 year high of $80.36. The firm has a market capitalization 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 0.37. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. The business’s 50 day moving average price is $75.70 and its 200-day moving average price is $74.02.

CMS Energy (NYSE:CMS) last announced 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. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, equities research analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CMS. BMO Capital Markets dropped their price objective on shares of CMS Energy from $85.00 to $82.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. UBS Group reiterated a “neutral” rating on shares of CMS Energy in a research report on Friday, February 6th. Wall Street Zen lowered CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Wells Fargo & Company set a $80.00 target price on CMS Energy in a research report on Tuesday, April 21st. Finally, Truist Financial decreased their target price on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus target price of $80.83.

Insiders Place Their Bets

In other CMS Energy news, CAO Scott B. Mcintosh sold 1,750 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $78.20, for a total value of $136,850.00. Following the transaction, the chief accounting officer owned 24,223 shares in the company, valued at approximately $1,894,238.60. This trade represents a 6.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the transaction, the senior vice president owned 67,111 shares in the company, valued at $4,987,018.41. The trade was a 4.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.50% of the company’s stock.

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.