Magellan Asset Management Ltd Boosts Holdings in CMS Energy Corporation $CMS

Magellan Asset Management Ltd raised its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,895 shares of the utilities provider’s stock after purchasing an additional 13,393 shares during the quarter. Magellan Asset Management Ltd owned 0.08% of CMS Energy worth $17,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC raised its holdings in shares of CMS Energy by 84.4% in the fourth quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of CMS Energy in the fourth quarter valued at about $29,000. Quest 10 Wealth Builders Inc. raised its holdings in shares of CMS Energy by 653.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 405 shares in the last quarter. Dorato Capital Management bought a new stake in shares of CMS Energy in the fourth quarter valued at about $37,000. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of CMS Energy by 29.7% in the fourth quarter. Physician Wealth Advisors Inc. now owns 703 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 161 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company set a $80.00 target price on shares of CMS Energy in a report on Tuesday, April 21st. Truist Financial reduced their target price on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a report on Monday, May 18th. KeyCorp boosted their target price on shares of CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Jefferies Financial Group downgraded shares of CMS Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $88.00 to $74.00 in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.17.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president owned 67,111 shares in the company, valued at $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

CMS Energy Price Performance

Shares of CMS stock opened at $70.39 on Friday. CMS Energy Corporation has a fifty-two week low of $68.41 and a fifty-two week high of $80.36. The firm has a market capitalization of $21.74 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.54 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. The stock’s 50-day simple moving average is $75.32 and its 200-day simple moving average is $73.91.

CMS Energy (NYSE:CMS) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm 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%.CMS Energy’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, equities analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were given 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 3.2%. CMS Energy’s dividend payout ratio is currently 62.98%.

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.