CMS Energy Corporation $CMS Shares Sold by M&T Bank Corp

M&T Bank Corp cut its stake in shares of CMS Energy Corporation (NYSE:CMS) by 50.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 206,688 shares of the utilities provider’s stock after selling 210,366 shares during the period. M&T Bank Corp’s holdings in CMS Energy were worth $14,454,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Bison Wealth LLC acquired a new position in shares of CMS Energy during the fourth quarter valued at approximately $312,000. Integrated Wealth Concepts LLC acquired a new position in shares of CMS Energy during the first quarter valued at approximately $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CMS Energy by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock valued at $2,602,000 after acquiring an additional 3,367 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of CMS Energy by 22.0% during the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock valued at $510,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in shares of CMS Energy by 40.7% during the first quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after acquiring an additional 7,300 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CMS Energy news, Director Diane Leopold bought 2,000 shares of CMS Energy stock in a transaction on Wednesday, February 25th. The shares were bought 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 directly owned 2,769 shares of the company’s stock, valued at $212,382.30. This trade represents a 260.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Scott B. Mcintosh sold 1,750 shares of CMS Energy stock in a transaction on Monday, March 2nd. The shares were 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 in the company, valued at $1,894,238.60. This represents a 6.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,664 shares of company stock valued at $1,579,506 in the last ninety days. 0.50% of the stock is currently owned by company insiders.

CMS Energy Price Performance

NYSE:CMS opened at $76.65 on Friday. CMS Energy Corporation has a one year low of $67.71 and a one year high of $80.36. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.98. The stock has a market cap of $23.61 billion, a PE ratio of 21.71, a P/E/G ratio of 2.72 and a beta of 0.43. The stock has a 50 day moving average price of $77.15 and a 200 day moving average price of $73.99.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The business’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 expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 8th. CMS Energy’s dividend payout ratio (DPR) is presently 64.59%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Mizuho increased their target price on CMS Energy from $73.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, January 21st. KeyCorp increased their target price on shares of CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Bank of America increased their target price on shares of CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Truist Financial assumed coverage on shares of CMS Energy in a research report on Tuesday. They issued a “buy” rating and a $86.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.21.

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.