Andra AP fonden Sells 67,199 Shares of CMS Energy Corporation $CMS

Andra AP fonden trimmed its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 80.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,974 shares of the utilities provider’s stock after selling 67,199 shares during the quarter. Andra AP fonden’s holdings in CMS Energy were worth $1,170,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. HM Payson & Co. lifted its holdings in CMS Energy by 65.6% during the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after buying an additional 141 shares in the last quarter. First Horizon Corp bought a new position in CMS Energy in the 3rd quarter worth about $26,000. Covestor Ltd increased its position in shares of CMS Energy by 52.0% during the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 145 shares during the period. Physician Wealth Advisors Inc. bought a new stake in shares of CMS Energy during the third quarter valued at approximately $40,000. Finally, Tobam boosted its holdings in shares of CMS Energy by 35.0% in the second quarter. Tobam now owns 559 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 145 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CMS Energy news, Director John G. Russell sold 14,914 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $75.75, for a total value of $1,129,735.50. Following the sale, the director directly owned 131,568 shares of the company’s stock, valued at approximately $9,966,276. This represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diane Leopold bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average price of $76.70 per share, with a total value of $153,400.00. Following the completion of the purchase, the director owned 2,769 shares in the company, valued at approximately $212,382.30. This trade represents a 260.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.49% of the stock is owned by corporate insiders.

CMS Energy Trading Up 1.2%

NYSE:CMS opened at $77.98 on Monday. CMS Energy Corporation has a 12 month low of $67.71 and a 12 month high of $78.31. The firm has a fifty day simple moving average of $72.29 and a 200-day simple moving average of $72.47. The company has a current ratio of 0.98, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $23.89 billion, a P/E ratio of 22.09, a PEG ratio of 2.77 and a beta of 0.46.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm earned $0.87 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. On average, equities research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, February 17th. CMS Energy’s dividend payout ratio is presently 64.59%.

Analyst Ratings Changes

Several research analysts have commented on CMS shares. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Bank of America set a $82.00 price objective on CMS Energy in a report on Friday, January 30th. Barclays increased their target price on shares of CMS Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Jefferies Financial Group boosted their price target on shares of CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.08.

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.