Bank of Montreal Can Purchases 162,797 Shares of CMS Energy Corporation $CMS

Bank of Montreal Can boosted its position in shares of CMS Energy Corporation (NYSE:CMS) by 31.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 680,372 shares of the utilities provider’s stock after acquiring an additional 162,797 shares during the period. Bank of Montreal Can owned 0.22% of CMS Energy worth $49,844,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in CMS Energy during the second quarter worth about $238,951,000. Qube Research & Technologies Ltd raised its holdings in shares of CMS Energy by 1,048.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,460,924 shares of the utilities provider’s stock valued at $101,213,000 after acquiring an additional 1,333,743 shares in the last quarter. Soroban Capital Partners LP raised its holdings in shares of CMS Energy by 215.8% in the 2nd quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock valued at $99,429,000 after acquiring an additional 980,733 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CMS Energy by 1.8% during 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 acquiring an additional 702,713 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of CMS Energy by 3,585.4% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 443,054 shares of the utilities provider’s stock valued at $32,458,000 after acquiring an additional 431,032 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

CMS has been the topic of several research analyst reports. Bank of America set a $82.00 price objective on shares of CMS Energy in a research report on Friday, January 30th. Morgan Stanley set a $80.00 target price on CMS Energy in a research note on Friday, February 20th. JPMorgan Chase & Co. raised their price target on CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. KeyCorp lifted 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, March 2nd. Finally, UBS Group reiterated a “neutral” rating on shares of CMS Energy in a report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.38.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 1,750 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $78.20, for a total value of $136,850.00. Following the completion of the sale, the chief accounting officer owned 24,223 shares of the company’s stock, valued at $1,894,238.60. This trade represents a 6.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $78.23, for a total transaction of $312,920.00. Following the transaction, the senior vice president directly owned 70,670 shares in the company, valued at approximately $5,528,514.10. The trade was a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 20,664 shares of company stock worth $1,579,506 in the last ninety days. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 1.2%

Shares of NYSE CMS opened at $76.76 on Friday. The firm’s fifty day moving average is $73.59 and its 200 day moving average is $72.75. CMS Energy Corporation has a 52 week low of $67.71 and a 52 week high of $78.47. The company has a quick ratio of 0.76, a current ratio of 0.98 and a debt-to-equity ratio of 1.89. The company has a market cap of $23.52 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.69 and a beta of 0.46.

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

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. This is a boost from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, February 17th. CMS Energy’s payout ratio is presently 64.59%.

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.