Fisher Funds Management LTD Purchases 17,189 Shares of CMS Energy Corporation $CMS

Fisher Funds Management LTD boosted its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 3.4% during the first quarter, Holdings Channel reports. The institutional investor owned 525,747 shares of the utilities provider’s stock after acquiring an additional 17,189 shares during the quarter. CMS Energy comprises about 1.2% of Fisher Funds Management LTD’s investment portfolio, making the stock its 27th biggest position. Fisher Funds Management LTD’s holdings in CMS Energy were worth $40,787,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMS. Sound Income Strategies LLC lifted its holdings in shares of 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 acquiring an additional 157 shares during the period. Elyxium Wealth LLC acquired a new position in CMS Energy in the fourth quarter worth about $29,000. DV Equities LLC acquired a new position in CMS Energy in the fourth quarter worth about $29,000. MidFirst Bank acquired a new position in CMS Energy in the fourth quarter worth about $31,000. Finally, Quest 10 Wealth Builders Inc. lifted its stake in CMS Energy by 653.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 405 shares during the period. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction dated 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 owned 67,111 shares in the company, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

CMS Energy Trading Up 0.0%

Shares of CMS opened at $73.40 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. The company has a market cap of $22.67 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.66 and a beta of 0.35. The stock has a fifty day moving average price of $74.31 and a two-hundred day moving average price of $73.81. CMS Energy Corporation has a 52-week low of $68.41 and a 52-week high of $80.36.

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

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. CMS Energy’s dividend payout ratio is currently 62.98%.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of recent research reports. Wells Fargo & Company set a $80.00 price objective on CMS Energy in a report on Tuesday, April 21st. Morgan Stanley set a $77.00 target price on CMS Energy in a report on Thursday, May 21st. KeyCorp reaffirmed an “overweight” rating and issued a $83.00 price target on shares of CMS Energy in a research note on Monday, June 8th. Truist Financial lowered their price target on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CMS Energy in a research note on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.17.

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.