Hsbc Holdings PLC Decreases Stake in CMS Energy Corporation $CMS

Hsbc Holdings PLC lowered its stake in CMS Energy Corporation (NYSE:CMS) by 32.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 490,194 shares of the utilities provider’s stock after selling 238,815 shares during the period. Hsbc Holdings PLC’s holdings in CMS Energy were worth $38,014,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Sound Income Strategies LLC grew 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 worth $25,000 after purchasing an additional 157 shares during the last quarter. Elyxium Wealth LLC bought a new stake in CMS Energy during the 4th quarter valued at $29,000. DV Equities LLC purchased a new stake in CMS Energy during the 4th quarter valued at $29,000. MidFirst Bank purchased a new stake in CMS Energy during the 4th quarter valued at $31,000. Finally, Quest 10 Wealth Builders Inc. grew its holdings in CMS Energy by 653.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CMS. Barclays upped their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Jefferies Financial Group set a $78.00 price target on CMS Energy in a research report on Thursday. Truist Financial cut their price objective on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Bank of America increased their target price on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company set a $80.00 target price on CMS Energy in a report on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.33.

CMS Energy Stock Performance

Shares of CMS stock opened at $72.88 on Tuesday. The company has a 50 day moving average price of $74.13 and a 200-day moving average price of $74.62. CMS Energy Corporation has a 52 week low of $68.64 and a 52 week high of $80.36. The firm has a market capitalization of $22.51 billion, a PE ratio of 20.13, a P/E/G ratio of 2.67 and a beta of 0.35. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last released its quarterly earnings data 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 firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, equities research analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the sale, the senior vice president directly owned 67,111 shares in the company, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.