Elo Mutual Pension Insurance Co Acquires Shares of 21,593 CMS Energy Corporation $CMS

Elo Mutual Pension Insurance Co bought a new position in CMS Energy Corporation (NYSE:CMS) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 21,593 shares of the utilities provider’s stock, valued at approximately $1,582,000.

Several other large investors have also recently modified their holdings of CMS. Journey Strategic Wealth LLC lifted its position in CMS Energy by 76.1% in the third quarter. Journey Strategic Wealth LLC now owns 5,312 shares of the utilities provider’s stock worth $389,000 after buying an additional 2,295 shares during the last quarter. Huntington National Bank raised its stake in shares of CMS Energy by 2.2% in the third quarter. Huntington National Bank now owns 16,716 shares of the utilities provider’s stock valued at $1,225,000 after acquiring an additional 355 shares during the period. Caitlin John LLC bought a new stake in shares of CMS Energy in the 3rd quarter worth about $108,000. DNB Asset Management AS boosted its stake in shares of CMS Energy by 16.8% during the 3rd quarter. DNB Asset Management AS now owns 94,340 shares of the utilities provider’s stock worth $6,911,000 after purchasing an additional 13,570 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in CMS Energy by 1.6% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 600,577 shares of the utilities provider’s stock valued at $43,998,000 after purchasing an additional 9,200 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 1,750 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $78.20, for a total transaction of $136,850.00. Following the sale, the chief accounting officer owned 24,223 shares of the company’s stock, valued at approximately $1,894,238.60. This trade represents a 6.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John G. Russell sold 14,914 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $75.75, for a total value of $1,129,735.50. Following the completion of the transaction, the director directly owned 131,568 shares of the company’s stock, valued at approximately $9,966,276. The trade was a 10.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 20,664 shares of company stock worth $1,579,506. 0.40% of the stock is owned by company insiders.

CMS Energy Trading Up 0.5%

Shares of NYSE CMS opened at $78.21 on Thursday. CMS Energy Corporation has a twelve month low of $67.71 and a twelve month high of $78.47. The firm has a market cap of $23.97 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 2.76 and a beta of 0.46. The business has a fifty day simple moving average of $72.78 and a two-hundred day simple moving average of $72.59. The company has a quick ratio of 0.76, a current ratio of 0.98 and a debt-to-equity ratio of 1.89.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.13 billion. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. 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 declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a $0.57 dividend. The ex-dividend date 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 (DPR) is presently 64.59%.

Analysts Set New Price Targets

CMS has been the subject of several analyst reports. Jefferies Financial Group raised their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. KeyCorp raised their price target on CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays boosted their price objective on CMS Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Wells Fargo & Company reduced their target price on CMS Energy from $77.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Finally, Morgan Stanley set a $80.00 target price on shares of CMS Energy in a research note on Friday, February 20th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $79.38.

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.