CMS Energy Corporation $CMS Shares Acquired by DNB Asset Management AS

DNB Asset Management AS boosted its stake in CMS Energy Corporation (NYSE:CMS) by 16.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,340 shares of the utilities provider’s stock after buying an additional 13,570 shares during the period. DNB Asset Management AS’s holdings in CMS Energy were worth $6,911,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. HM Payson & Co. boosted its holdings in shares of CMS Energy by 65.6% during the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 141 shares during the period. First Horizon Corp bought a new stake in CMS Energy in the 3rd quarter valued at about $26,000. Covestor Ltd boosted its stake in CMS Energy by 52.0% during the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Physician Wealth Advisors Inc. acquired a new position in CMS Energy during the 3rd quarter valued at about $40,000. Finally, Tobam grew its position in CMS Energy by 35.0% in the 2nd quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 145 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Up 1.2%

Shares of CMS stock opened at $77.98 on Monday. CMS Energy Corporation has a 1 year low of $67.71 and a 1 year high of $78.31. 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 business’s fifty day moving average is $72.29 and its 200-day moving average is $72.47. The stock has a market cap of $23.89 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.77 and a beta of 0.46.

CMS Energy (NYSE:CMS) last announced 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 business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.13 billion. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. Equities analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 2.9%. This is an increase from CMS Energy’s previous quarterly dividend of $0.54. CMS Energy’s dividend payout ratio is presently 64.59%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMS. Barclays lifted their price target on CMS Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. raised their target price on CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Williams Trading set a $80.00 price target on CMS Energy in a research report on Monday, February 9th. Wells Fargo & Company decreased their price target on CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $80.00 price target (up from $79.00) on shares of CMS Energy in a report on Monday, February 9th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.08.

Insider Activity at CMS Energy

In related news, Director John G. Russell sold 14,914 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $75.75, for a total transaction of $1,129,735.50. Following the completion of the sale, the director directly owned 131,568 shares in the company, valued at approximately $9,966,276. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diane Leopold purchased 2,000 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was bought at an average cost of $76.70 per share, for a total transaction of $153,400.00. Following the acquisition, the director directly owned 2,769 shares of the company’s stock, valued at $212,382.30. This represents a 260.08% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.49% of the company’s stock.

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.