Delta Global Management LP Takes $935,000 Position in CMS Energy Corporation $CMS

Delta Global Management LP acquired a new stake in CMS Energy Corporation (NYSE:CMS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,377 shares of the utilities provider’s stock, valued at approximately $935,000.

A number of other hedge funds have also made changes to their positions in CMS. Sound Income Strategies LLC grew its stake in CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the last quarter. Elyxium Wealth LLC purchased a new position in CMS Energy during the 4th quarter worth approximately $29,000. Quest 10 Wealth Builders Inc. grew 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 last quarter. Dorato Capital Management purchased a new position in CMS Energy during the 4th quarter worth approximately $37,000. Finally, Physician Wealth Advisors Inc. grew its stake in CMS Energy by 29.7% during the 4th quarter. Physician Wealth Advisors Inc. now owns 703 shares of the utilities provider’s stock worth $49,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 67,111 shares of the company’s stock, valued at $4,987,018.41. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CMS. JPMorgan Chase & Co. dropped their price target on CMS Energy from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Truist Financial dropped their price target on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Morgan Stanley set a $77.00 price target on CMS Energy in a research note on Thursday, May 21st. Barclays decreased their price objective on CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group cut CMS Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $88.00 to $74.00 in a research report on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $80.17.

CMS Energy Stock Up 0.5%

CMS opened at $74.00 on Wednesday. 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 business has a 50 day simple moving average of $74.63 and a 200-day simple moving average of $73.84. The stock has a market capitalization of $22.86 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.67 and a beta of 0.35. CMS Energy Corporation has a 12 month low of $68.41 and a 12 month high of $80.36.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, equities analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 8th. CMS Energy’s dividend payout ratio (DPR) is presently 62.98%.

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.