Assenagon Asset Management S.A. Has $39.35 Million Holdings in CMS Energy Corporation $CMS

Assenagon Asset Management S.A. cut its stake in CMS Energy Corporation (NYSE:CMS) by 5.2% in the fourth quarter, HoldingsChannel reports. The fund owned 562,715 shares of the utilities provider’s stock after selling 31,107 shares during the period. Assenagon Asset Management S.A.’s holdings in CMS Energy were worth $39,351,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of CMS Energy by 0.3% during the third quarter. Vanguard Group Inc. now owns 39,170,301 shares of the utilities provider’s stock valued at $2,869,616,000 after purchasing an additional 126,172 shares during the last quarter. Ameriprise Financial Inc. raised its position in CMS Energy by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,900,632 shares of the utilities provider’s stock worth $358,865,000 after purchasing an additional 128,860 shares during the last quarter. Norges Bank acquired a new position in CMS Energy during the 2nd quarter worth $238,951,000. Reaves W H & Co. Inc. lifted its holdings in CMS Energy by 14.8% during the 3rd quarter. Reaves W H & Co. Inc. now owns 2,149,018 shares of the utilities provider’s stock worth $157,437,000 after buying an additional 276,476 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in CMS Energy by 1.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,925,841 shares of the utilities provider’s stock valued at $133,422,000 after buying an additional 22,994 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $75.42 on Thursday. The firm has a fifty day moving average of $74.75 and a two-hundred day moving average of $73.07. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.98. The stock has a market capitalization of $23.23 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.67 and a beta of 0.46. CMS Energy Corporation has a 52 week low of $67.71 and a 52 week high of $78.88.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company 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. As a group, equities research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders 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 yield of 3.0%. This is an increase from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, February 17th. CMS Energy’s dividend payout ratio (DPR) is 64.59%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMS. JPMorgan Chase & Co. lifted their target price on CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Mizuho raised their price target on CMS Energy from $73.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Morgan Stanley set a $80.00 price objective on CMS Energy in a research report on Friday, February 20th. Jefferies Financial Group boosted their price objective on CMS Energy from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, KeyCorp upped their target price on shares of CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.38.

Insider Buying and Selling

In related news, Director John G. Russell sold 14,914 shares of the stock in a transaction that occurred 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 in the company, valued at $9,966,276. This trade represents a 10.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Scott B. Mcintosh sold 1,750 shares of CMS Energy stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $78.20, for a total transaction of $136,850.00. Following the transaction, the chief accounting officer directly owned 24,223 shares in the company, valued at $1,894,238.60. The trade was a 6.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,664 shares of company stock valued at $1,579,506 over the last 90 days. 0.40% of the stock is 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.