Korea Investment CORP Reduces Stock Holdings in CMS Energy Corporation $CMS

Korea Investment CORP reduced its position in shares of CMS Energy Corporation (NYSE:CMS) by 18.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 144,251 shares of the utilities provider’s stock after selling 32,325 shares during the quarter. Korea Investment CORP’s holdings in CMS Energy were worth $10,568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blair William & Co. IL increased its holdings in CMS Energy by 11.6% during the third quarter. Blair William & Co. IL now owns 5,598 shares of the utilities provider’s stock valued at $410,000 after buying an additional 583 shares during the last quarter. First Trust Advisors LP increased its stake in shares of CMS Energy by 7.3% in the 3rd quarter. First Trust Advisors LP now owns 1,104,269 shares of the utilities provider’s stock worth $80,899,000 after purchasing an additional 75,241 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in CMS Energy by 7.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,490,112 shares of the utilities provider’s stock worth $109,159,000 after purchasing an additional 102,087 shares during the period. Cresset Asset Management LLC purchased a new position in CMS Energy during the third quarter valued at $335,000. Finally, Elo Mutual Pension Insurance Co bought a new stake in CMS Energy during the third quarter valued at about $1,582,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $78.23, for a total transaction of $312,920.00. Following the completion of the transaction, the senior vice president owned 70,670 shares in the company, valued at $5,528,514.10. This trade represents a 5.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 value of $136,850.00. Following the completion of the sale, the chief accounting officer directly owned 24,223 shares in the company, valued at approximately $1,894,238.60. The trade was a 6.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 20,664 shares of company stock valued at $1,579,506. 0.40% of the stock is owned by company insiders.

CMS Energy Price Performance

CMS stock opened at $75.83 on Thursday. 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 company’s fifty day moving average price is $73.45 and its 200-day moving average price is $72.73. CMS Energy Corporation has a one year low of $67.71 and a one year high of $78.47. The company has a market capitalization of $23.23 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.71 and a beta of 0.46.

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

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. 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 payout ratio is presently 64.59%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group reaffirmed a “neutral” rating on shares of CMS Energy in a research note on Friday, February 6th. Barclays boosted their price objective on CMS Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Bank of America set a $82.00 target price on shares of CMS Energy in a report on Friday, January 30th. Jefferies Financial Group lifted 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. Finally, Wells Fargo & Company dropped their price target on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $79.38.

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.