ING Groep NV Buys 624,232 Shares of CMS Energy Corporation $CMS

ING Groep NV lifted its stake in CMS Energy Corporation (NYSE:CMS) by 97.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,263,429 shares of the utilities provider’s stock after acquiring an additional 624,232 shares during the period. ING Groep NV’s holdings in CMS Energy were worth $88,352,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. Elyxium Wealth LLC acquired a new position in CMS Energy during the 4th quarter valued at about $29,000. Quest 10 Wealth Builders Inc. increased its position in CMS Energy by 653.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock valued at $33,000 after buying an additional 405 shares in the last quarter. Dorato Capital Management acquired a new position in CMS Energy during the 4th quarter valued at about $37,000. Finally, Physician Wealth Advisors Inc. increased its position in CMS Energy by 29.7% during the 4th quarter. Physician Wealth Advisors Inc. now owns 703 shares of the utilities provider’s stock valued at $49,000 after buying an additional 161 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction dated 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 through the SEC website. 0.50% of the stock is owned by insiders.

CMS Energy Stock Up 2.3%

CMS Energy stock opened at $71.98 on Friday. 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 business’s 50-day simple moving average is $75.25 and its two-hundred day simple moving average is $73.90. The company has a market cap of $22.23 billion, a PE ratio of 19.88, a PEG ratio of 2.61 and a beta of 0.35. CMS Energy Corporation has a fifty-two week low of $68.41 and a fifty-two week high of $80.36.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Equities analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The business also recently announced 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 was Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. CMS Energy’s dividend payout ratio is presently 62.98%.

Analyst Ratings Changes

Several brokerages recently issued reports on CMS. Jefferies Financial Group lowered CMS Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from $88.00 to $74.00 in a research report on Thursday. Barclays reduced their target price on CMS Energy from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. KeyCorp upped their target price on CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Wall Street Zen lowered CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price on CMS Energy from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.17.

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.