CMS Energy Corporation $CMS Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its stake in shares of CMS Energy Corporation (NYSE:CMS) by 45.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,834 shares of the utilities provider’s stock after acquiring an additional 35,180 shares during the period. Y Intercept Hong Kong Ltd’s holdings in CMS Energy were worth $7,821,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cidel Asset Management Inc. lifted its position in shares of CMS Energy by 7.5% during the 3rd quarter. Cidel Asset Management Inc. now owns 346,729 shares of the utilities provider’s stock valued at $25,401,000 after acquiring an additional 24,071 shares during the period. Swiss Life Asset Management Ltd lifted its position in shares of CMS Energy by 62.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 74,552 shares of the utilities provider’s stock valued at $5,462,000 after acquiring an additional 28,577 shares during the period. iA Global Asset Management Inc. lifted its position in shares of CMS Energy by 2.3% during the 4th quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock valued at $92,529,000 after acquiring an additional 30,000 shares during the period. Aberdeen Group plc lifted its position in shares of CMS Energy by 14.5% during the 4th quarter. Aberdeen Group plc now owns 877,487 shares of the utilities provider’s stock valued at $61,363,000 after acquiring an additional 111,075 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of CMS Energy by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after acquiring an additional 1,501,991 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CMS shares. Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Barclays reduced their price target on shares of CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Bank of America lifted their price target on shares of CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley set a $77.00 price objective on shares of CMS Energy in a research note on Thursday, May 21st. Finally, Jefferies Financial Group cut shares of CMS Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $88.00 to $74.00 in a research note on Thursday, June 4th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $80.17.

CMS Energy Trading Up 0.9%

Shares of CMS opened at $73.51 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $74.81 and a 200-day simple moving average of $73.86. CMS Energy Corporation has a 1-year low of $68.41 and a 1-year high of $80.36. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.64 and a beta of 0.35.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the company posted $1.02 EPS. The company’s revenue was up 11.6% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Equities analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, May 8th. CMS Energy’s dividend payout ratio (DPR) is 62.98%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the transaction, the senior vice president directly owned 67,111 shares of the company’s stock, valued at $4,987,018.41. This trade represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

About CMS Energy

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.