BI Asset Management Fondsmaeglerselskab A S Sells 335,488 Shares of CMS Energy Corporation $CMS

BI Asset Management Fondsmaeglerselskab A S lowered its stake in CMS Energy Corporation (NYSE:CMS) by 92.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,177 shares of the utilities provider’s stock after selling 335,488 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in CMS Energy were worth $2,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CMS. Vanguard Group Inc. grew its position in shares of CMS Energy by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after purchasing an additional 1,501,991 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CMS Energy by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock worth $579,902,000 after buying an additional 183,589 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in CMS Energy by 2.7% during the third quarter. Ameriprise Financial Inc. now owns 4,900,632 shares of the utilities provider’s stock valued at $358,865,000 after buying an additional 128,860 shares during the last quarter. Norges Bank bought a new position in CMS Energy during the fourth quarter valued at approximately $316,057,000. Finally, Pictet Asset Management Holding SA grew its holdings in CMS Energy by 70.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock valued at $249,738,000 after buying an additional 1,481,779 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction 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 approximately $4,987,018.41. The trade was a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMS. Morgan Stanley set a $77.00 price objective on CMS Energy in a research note on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of CMS Energy in a research report on Friday, June 5th. JPMorgan Chase & Co. cut their target price on shares of CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Jefferies Financial Group cut shares of CMS Energy from a “buy” rating to a “hold” rating and reduced their price target for the stock from $88.00 to $74.00 in a research report on Thursday, June 4th. Finally, BMO Capital Markets decreased their price target on shares of CMS Energy from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.17.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $75.36 on Wednesday. The firm has a market cap of $23.28 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.67 and a beta of 0.35. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80. CMS Energy Corporation has a 12 month low of $68.41 and a 12 month high of $80.36. The stock’s fifty day moving average price is $74.11 and its 200-day moving average price is $73.84.

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

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 8th. CMS Energy’s dividend payout ratio (DPR) is presently 62.98%.

About CMS Energy

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.