Swiss National Bank Lowers Stake in CMS Energy Corporation $CMS

Swiss National Bank lessened its stake in CMS Energy Corporation (NYSE:CMS) by 4.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 862,200 shares of the utilities provider’s stock after selling 43,200 shares during the period. Swiss National Bank owned about 0.28% of CMS Energy worth $63,165,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CMS. HM Payson & Co. grew its stake in shares of CMS Energy by 65.6% in the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after buying an additional 141 shares in the last quarter. First Horizon Corp acquired a new position in CMS Energy during the 3rd quarter worth about $26,000. Covestor Ltd boosted its holdings 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 acquiring an additional 145 shares during the period. Physician Wealth Advisors Inc. acquired a new position in CMS Energy in 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 valued at $39,000 after acquiring an additional 145 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Diane Leopold bought 2,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average price of $76.70 per share, for a total transaction of $153,400.00. Following the completion of the purchase, the director owned 2,769 shares in the company, valued at approximately $212,382.30. This trade represents a 260.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott B. Mcintosh sold 1,750 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $78.20, for a total value of $136,850.00. Following the completion of the transaction, the chief accounting officer directly owned 24,223 shares in the company, valued at $1,894,238.60. This trade represents a 6.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,664 shares of company stock valued at $1,579,506 over the last quarter. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CMS shares. KeyCorp increased their price target on shares of CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. UBS Group restated a “neutral” rating on shares of CMS Energy in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, January 21st. Jefferies Financial Group raised their price target on shares of CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $80.00 price target (up from $79.00) on shares of CMS Energy in a research note on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.38.

CMS Energy Stock Performance

Shares of CMS opened at $75.83 on Thursday. The stock has a 50-day simple moving average of $73.45 and a 200-day simple moving average of $72.73. 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 stock has a market capitalization of $23.23 billion, a PE ratio of 21.48, a PEG ratio of 2.71 and a beta of 0.46. CMS Energy Corporation has a 1 year low of $67.71 and a 1 year high of $78.47.

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

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from CMS Energy’s previous quarterly dividend of $0.54. CMS Energy’s payout ratio is currently 64.59%.

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.