CMS Energy Corporation $CMS Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in CMS Energy Corporation (NYSE:CMS) by 16.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,166,815 shares of the utilities provider’s stock after acquiring an additional 595,564 shares during the period. Pictet Asset Management Holding SA’s holdings in CMS Energy were worth $323,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CMS. Sound Income Strategies LLC grew its position in CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of CMS Energy in the fourth quarter worth $29,000. DV Equities LLC purchased a new position in shares of CMS Energy in the fourth quarter worth $29,000. MidFirst Bank purchased a new position in shares of CMS Energy in the fourth quarter worth $31,000. Finally, Quest 10 Wealth Builders Inc. lifted its stake in shares of CMS Energy by 653.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after buying an additional 405 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Performance

NYSE CMS opened at $78.73 on Friday. CMS Energy Corporation has a twelve month low of $68.46 and a twelve month high of $80.36. The stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.85 and a beta of 0.35. 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 stock has a 50-day moving average of $74.07 and a 200 day moving average of $73.95.

CMS Energy (NYSE:CMS) last issued its quarterly 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm earned $1.02 EPS. The firm’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. Sell-side analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, May 8th. CMS Energy’s payout ratio is presently 62.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of CMS Energy from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Bank of America raised their target price on CMS Energy from $82.00 to $88.00 and gave the stock 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 lowered their price target for the stock from $88.00 to $74.00 in a research report on Thursday, June 4th. Wells Fargo & Company set a $80.00 price target on CMS Energy in a research note on Tuesday, April 21st. Finally, Morgan Stanley set a $77.00 price objective on CMS Energy in a report on Thursday, May 21st. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.17.

Insider Activity at CMS Energy

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

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.