iA Global Asset Management Inc. Sells 68,782 Shares of CMS Energy Corporation $CMS

iA Global Asset Management Inc. cut its position in shares of CMS Energy Corporation (NYSE:CMS) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,293,167 shares of the utilities provider’s stock after selling 68,782 shares during the quarter. CMS Energy accounts for 1.3% of iA Global Asset Management Inc.’s portfolio, making the stock its 15th biggest holding. iA Global Asset Management Inc. owned approximately 0.43% of CMS Energy worth $94,737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CMS. Norges Bank acquired a new stake in shares of CMS Energy during the 2nd quarter worth approximately $238,951,000. Qube Research & Technologies Ltd lifted its position in CMS Energy by 1,048.7% in the second quarter. Qube Research & Technologies Ltd now owns 1,460,924 shares of the utilities provider’s stock worth $101,213,000 after purchasing an additional 1,333,743 shares during the period. Soroban Capital Partners LP boosted its stake in CMS Energy by 215.8% during the second quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock worth $99,429,000 after buying an additional 980,733 shares in the last quarter. Vanguard Group Inc. increased its holdings in CMS Energy by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 39,044,129 shares of the utilities provider’s stock valued at $2,704,977,000 after buying an additional 702,713 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of CMS Energy by 236.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 593,822 shares of the utilities provider’s stock valued at $43,503,000 after buying an additional 417,183 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Down 1.0%

NYSE CMS opened at $71.00 on Friday. The stock’s 50 day simple moving average is $71.40 and its 200 day simple moving average is $72.14. CMS Energy Corporation has a one year low of $65.10 and a one year high of $76.45. The firm has a market cap of $21.61 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.55 and a beta of 0.49. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.90 and a quick ratio of 0.60.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.83 billion. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS and its FY 2025 guidance at 3.560-3.600 EPS. As a group, sell-side analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CMS shares. JPMorgan Chase & Co. lifted their target price on shares of CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. KeyCorp upped their price objective on CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wells Fargo & Company cut their target price on CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Finally, Barclays dropped their price objective on CMS Energy from $82.00 to $74.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.42.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total value of $289,880.00. Following the completion of the sale, the senior vice president owned 64,259 shares in the company, valued at approximately $4,656,849.73. This trade represents a 5.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

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.