Royal Bank of Canada Has $78.61 Million Stock Holdings in CMS Energy Corporation $CMS

Royal Bank of Canada decreased its stake in CMS Energy Corporation (NYSE:CMS) by 15.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,013,282 shares of the utilities provider’s stock after selling 180,270 shares during the quarter. Royal Bank of Canada’s holdings in CMS Energy were worth $78,609,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CMS. iA Global Asset Management Inc. increased its stake in shares of CMS Energy by 2.3% in the fourth quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock worth $92,529,000 after acquiring an additional 30,000 shares during the last quarter. Vanguard Group Inc. boosted its position 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 valued at $2,844,213,000 after purchasing an additional 1,501,991 shares during the last quarter. Aberdeen Group plc boosted its position in CMS Energy by 14.5% during the fourth quarter. Aberdeen Group plc now owns 877,487 shares of the utilities provider’s stock valued at $61,363,000 after purchasing an additional 111,075 shares during the last quarter. RIA Advisory Group LLC purchased a new position in CMS Energy in the fourth quarter valued at about $974,000. Finally, Capital Innovations LLC purchased a new position in CMS Energy in the fourth quarter valued at about $1,652,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In other 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 value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $72.09 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.66 and a current ratio of 0.94. The firm has a market cap of $22.61 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 2.62 and a beta of 0.35. The business’s 50-day simple moving average is $74.23 and its 200-day simple moving average is $74.81. CMS Energy Corporation has a 52 week low of $68.64 and a 52 week high of $80.36.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business earned $0.71 EPS. The firm’s revenue was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, equities research analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.

Wall Street Analyst Weigh In

CMS has been the topic of several research reports. UBS Group reaffirmed a “neutral” rating and issued a $84.00 target price on shares of CMS Energy in a research report on Wednesday. Mizuho reduced their price target on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday. BMO Capital Markets boosted their price target on CMS Energy from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Wells Fargo & Company set a $80.00 price objective on CMS Energy in a report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus target price of $81.83.

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.