Principal Financial Group Inc. Reduces Stock Holdings in CMS Energy Corporation $CMS

Principal Financial Group Inc. cut its stake in shares of CMS Energy Corporation (NYSE:CMS) by 3.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 448,016 shares of the utilities provider’s stock after selling 15,617 shares during the period. Principal Financial Group Inc.’s holdings in CMS Energy were worth $34,757,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CMS. Sound Income Strategies LLC lifted its position in shares of CMS Energy by 84.4% during 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 in the last quarter. Elyxium Wealth LLC acquired a new stake in CMS Energy during the 4th quarter valued at $29,000. DV Equities LLC acquired 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 worth $31,000. Finally, Quest 10 Wealth Builders Inc. increased its stake 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 worth $33,000 after buying an additional 405 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CMS. KeyCorp reissued an “overweight” rating and issued a $83.00 price objective on shares of CMS Energy in a research report on Monday, June 8th. Bank of America lifted their target price on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price target on CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays increased their price target on CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CMS Energy in a research note on Friday, June 5th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.92.

CMS Energy Trading Down 0.9%

CMS opened at $73.69 on Friday. CMS Energy Corporation has a 12-month low of $68.64 and a 12-month high of $80.36. 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 stock has a market capitalization of $22.76 billion, a PE ratio of 20.35, a P/E/G ratio of 2.66 and a beta of 0.35. The firm’s fifty day moving average price is $74.13 and its 200 day moving average price is $74.57.

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, topping the consensus estimate of $1.11 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the business earned $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, research analysts expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

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

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’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 completion of the sale, the senior vice president directly owned 67,111 shares of the company’s stock, valued at $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 is available through this link. 0.50% of the stock is currently owned by corporate insiders.

CMS Energy 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.