Cidel Asset Management Inc. Buys 56,342 Shares of CMS Energy Corporation $CMS

Cidel Asset Management Inc. grew its position in CMS Energy Corporation (NYSE:CMS) by 16.5% during the first quarter, HoldingsChannel.com reports. The firm owned 398,132 shares of the utilities provider’s stock after buying an additional 56,342 shares during the quarter. CMS Energy accounts for approximately 1.7% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Cidel Asset Management Inc.’s holdings in CMS Energy were worth $30,887,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CMS. Bison Wealth LLC acquired a new position in shares of CMS Energy during the 4th quarter worth about $312,000. Integrated Wealth Concepts LLC acquired a new stake in shares of CMS Energy in the first quarter valued at about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CMS Energy by 10.8% in 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 CMS Energy by 22.0% during the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Woodline Partners LP boosted its position in 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 purchasing an additional 7,300 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 2.1%

CMS stock opened at $75.36 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $23.28 billion, a PE ratio of 20.82, a PEG ratio of 2.67 and a beta of 0.35. CMS Energy Corporation has a 1-year low of $68.41 and a 1-year high of $80.36. The business’s 50 day simple moving average is $74.11 and its 200 day simple moving average is $73.84.

CMS Energy (NYSE:CMS) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm posted $1.02 EPS. CMS Energy’s revenue was up 11.6% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, research analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, May 8th. CMS Energy’s payout ratio is currently 62.98%.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the transaction, the senior vice president owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Bank of America raised their price target on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Jefferies Financial Group cut 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. KeyCorp reissued an “overweight” rating and issued a $83.00 target price on shares of CMS Energy in a research note on Monday, June 8th. BMO Capital Markets lowered their target price on shares of CMS Energy from $82.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Finally, Truist Financial dropped their price target on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus target price of $80.17.

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.