CMS Energy Corporation $CMS Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its position in shares of CMS Energy Corporation (NYSE:CMS) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,900,632 shares of the utilities provider’s stock after acquiring an additional 128,860 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.61% of CMS Energy worth $358,865,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMS. Vanguard Group Inc. boosted its position 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 worth $2,869,616,000 after acquiring an additional 126,172 shares during the last quarter. Norges Bank purchased a new stake in shares of CMS Energy during the 2nd quarter valued at $238,951,000. Reaves W H & Co. Inc. grew its stake in shares of CMS Energy by 14.8% during 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 period. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $133,422,000 after buying an additional 22,994 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of CMS Energy by 7.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,490,112 shares of the utilities provider’s stock worth $109,159,000 after buying an additional 102,087 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director John G. Russell sold 14,914 shares of CMS Energy 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 completion of the transaction, the director directly owned 131,568 shares in the company, valued at $9,966,276. The trade was a 10.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $78.23, for a total value of $312,920.00. Following the transaction, the senior vice president directly owned 70,670 shares of the company’s stock, valued at $5,528,514.10. This trade represents a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 20,664 shares of company stock worth $1,579,506 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CMS has been the subject of a number of research reports. Williams Trading set a $80.00 price target on CMS Energy in a research report on Monday, February 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price objective (up from $79.00) on shares of CMS Energy in a research note on Monday, February 9th. Bank of America set a $82.00 target price on CMS Energy in a report on Friday, January 30th. Barclays increased their target price on shares of CMS Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.38.

CMS Energy Price Performance

Shares of NYSE CMS opened at $78.31 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $23.99 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.76 and a beta of 0.46. CMS Energy Corporation has a twelve month low of $67.71 and a twelve month high of $78.47. The business has a 50 day simple moving average of $73.91 and a 200-day simple moving average of $72.85.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business posted $0.87 earnings per share. 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. As a group, 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 declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a $0.57 dividend. 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. This represents a $2.28 annualized dividend and a dividend yield of 2.9%. CMS Energy’s dividend payout ratio (DPR) 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.