Capital International Investors Sells 467,125 Shares of CMS Energy Corporation $CMS

Capital International Investors lessened its holdings in CMS Energy Corporation (NYSE:CMS) by 97.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,432 shares of the utilities provider’s stock after selling 467,125 shares during the period. Capital International Investors’ holdings in CMS Energy were worth $911,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CMS. Vanguard Group Inc. lifted its holdings in shares of CMS Energy by 0.3% in the third quarter. Vanguard Group Inc. now owns 39,170,301 shares of the utilities provider’s stock valued at $2,869,616,000 after purchasing an additional 126,172 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CMS Energy by 1.6% during the second quarter. Geode Capital Management LLC now owns 8,020,765 shares of the utilities provider’s stock valued at $553,440,000 after buying an additional 130,059 shares during the last quarter. Norges Bank bought a new stake in CMS Energy during the second quarter worth $238,951,000. Reaves W H & Co. Inc. raised its position in CMS Energy by 14.8% in the 3rd quarter. Reaves W H & Co. Inc. now owns 2,149,018 shares of the utilities provider’s stock valued at $157,437,000 after buying an additional 276,476 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in CMS Energy by 1.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,925,841 shares of the utilities provider’s stock valued at $133,422,000 after acquiring an additional 22,994 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Up 1.2%

NYSE:CMS opened at $76.76 on Friday. CMS Energy Corporation has a 1 year low of $67.71 and a 1 year high of $78.47. The stock’s fifty day moving average price is $73.59 and its two-hundred day moving average price is $72.75. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.98 and a quick ratio of 0.76. The company has a market cap of $23.52 billion, a P/E ratio of 21.75, a P/E/G 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, analysts expect that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business 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 represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. This is an increase from CMS Energy’s previous quarterly dividend of $0.54. CMS Energy’s payout ratio is presently 64.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMS. Bank of America set a $82.00 target price on CMS Energy in a research note on Friday, January 30th. Morgan Stanley set a $80.00 price target on CMS Energy in a research report on Friday, February 20th. KeyCorp lifted their price target on CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Williams Trading set a $80.00 price objective on CMS Energy in a research report on Monday, February 9th. Finally, UBS Group reaffirmed a “neutral” rating on shares of CMS Energy in a research report on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average target price of $79.38.

Insider Activity at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 1,750 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,894,238.60. This trade represents a 6.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the sale, the senior vice president owned 70,670 shares of the company’s stock, valued at $5,528,514.10. The trade was a 5.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 20,664 shares of company stock valued at $1,579,506. 0.40% of the stock is currently owned by 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.