Assenagon Asset Management S.A. Sells 31,107 Shares of CMS Energy Corporation $CMS

Assenagon Asset Management S.A. cut its stake in CMS Energy Corporation (NYSE:CMS) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 562,715 shares of the utilities provider’s stock after selling 31,107 shares during the period. Assenagon Asset Management S.A. owned approximately 0.18% of CMS Energy worth $39,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HM Payson & Co. lifted 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 during the period. First Horizon Corp acquired a new position in CMS Energy in the 3rd quarter valued at approximately $26,000. Covestor Ltd raised its holdings in CMS Energy by 52.0% in 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 in the last quarter. Physician Wealth Advisors Inc. bought a new stake in shares of CMS Energy in the 3rd quarter worth approximately $40,000. Finally, Capital A Wealth Management LLC grew its holdings in shares of CMS Energy by 2,870.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 594 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 574 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 0.1%

Shares of NYSE:CMS opened at $75.42 on Thursday. The company’s fifty day moving average is $74.75 and its 200-day moving average is $73.07. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.98. CMS Energy Corporation has a 52 week low of $67.71 and a 52 week high of $78.88. The company has a market capitalization of $23.23 billion, a PE ratio of 21.36, a P/E/G ratio of 2.67 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. Equities research 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. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. CMS Energy’s dividend payout ratio (DPR) is 64.59%.

Insider Activity

In other news, Director John G. Russell sold 14,914 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 131,568 shares of the company’s stock, valued at $9,966,276. The trade was a 10.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane Leopold purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average price of $76.70 per share, for a total transaction of $153,400.00. Following the completion of the transaction, the director owned 2,769 shares in the company, valued at $212,382.30. The trade was a 260.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 20,664 shares of company stock worth $1,579,506. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CMS. Morgan Stanley set a $80.00 price objective on CMS Energy in a research report on Friday, February 20th. Wells Fargo & Company lowered their price target on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Jefferies Financial Group upped their target price on shares of CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, KeyCorp raised their price target on shares of CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $79.38.

CMS Energy Company 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.