Fisher Funds Management LTD Reduces Holdings in CMS Energy Corporation $CMS

Fisher Funds Management LTD trimmed its position in shares of CMS Energy Corporation (NYSE:CMS) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 508,558 shares of the utilities provider’s stock after selling 34,554 shares during the quarter. Fisher Funds Management LTD’s holdings in CMS Energy were worth $35,650,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in CMS Energy by 22.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,758 shares of the utilities provider’s stock worth $3,899,000 after buying an additional 10,390 shares during the period. Nicholson Wealth Management Group LLC boosted its stake in CMS Energy by 0.9% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 24,971 shares of the utilities provider’s stock worth $1,746,000 after buying an additional 213 shares during the period. CWM LLC boosted its stake in CMS Energy by 17.1% during the fourth quarter. CWM LLC now owns 16,217 shares of the utilities provider’s stock worth $1,134,000 after buying an additional 2,370 shares during the period. Farther Finance Advisors LLC boosted its stake in CMS Energy by 32.5% during the fourth quarter. Farther Finance Advisors LLC now owns 4,278 shares of the utilities provider’s stock worth $299,000 after buying an additional 1,050 shares during the period. Finally, Sage Mountain Advisors LLC boosted its stake in CMS Energy by 100.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 8,198 shares of the utilities provider’s stock worth $573,000 after buying an additional 4,108 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Trading Up 0.8%

CMS stock opened at $78.11 on Friday. The company has a market capitalization of $24.06 billion, a PE ratio of 22.13, a P/E/G ratio of 2.75 and a beta of 0.43. CMS Energy Corporation has a 12 month low of $67.71 and a 12 month high of $80.36. The firm’s 50-day moving average is $76.88 and its 200 day moving average is $73.85. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.98 and a quick ratio of 0.76.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The company 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 firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. On average, research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a $0.57 dividend. The ex-dividend date was Tuesday, February 17th. This is an increase from CMS Energy’s previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a dividend yield of 2.9%. CMS Energy’s dividend payout ratio is presently 64.59%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Jefferies Financial Group lifted 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Finally, Morgan Stanley set a $80.00 price target on shares of CMS Energy in a report on Friday, February 20th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

Insider Transactions at CMS Energy

In other news, Director Diane Leopold acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average cost of $76.70 per share, for a total transaction of $153,400.00. Following the completion of the acquisition, the director directly owned 2,769 shares of the company’s stock, valued at $212,382.30. The trade was a 260.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction dated Friday, February 27th. The shares were 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 20,664 shares of company stock valued at $1,579,506. Insiders own 0.50% of the company’s stock.

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.