TD Asset Management Inc Acquires 10,550 Shares of CMS Energy Corporation $CMS

TD Asset Management Inc grew its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 860,663 shares of the utilities provider’s stock after buying an additional 10,550 shares during the quarter. TD Asset Management Inc’s holdings in CMS Energy were worth $60,186,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy 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 transaction, the senior vice president directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on CMS Energy from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Williams Trading set a $80.00 price objective on CMS Energy in a research note on Monday, February 9th. Wells Fargo & Company set a $80.00 price objective on CMS Energy in a research note on Tuesday, April 21st. Truist Financial dropped their price objective on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Jefferies Financial Group cut CMS Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $88.00 to $74.00 in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.17.

CMS Energy Trading Up 2.3%

Shares of NYSE:CMS opened at $71.98 on Friday. CMS Energy Corporation has a 12-month low of $68.41 and a 12-month high of $80.36. The business’s fifty day simple moving average is $75.25 and its 200-day simple moving average is $73.90. The company has a market capitalization of $22.23 billion, a PE ratio of 19.88, a P/E/G ratio of 2.55 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 (NYSE:CMS) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business posted $1.02 EPS. The business’s revenue 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. As a group, equities research analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were issued a $0.57 dividend. The ex-dividend date was Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. CMS Energy’s dividend payout ratio (DPR) is currently 62.98%.

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.