Assenagon Asset Management S.A. Cuts Stake in CMS Energy Corporation $CMS

Assenagon Asset Management S.A. cut its stake in shares of CMS Energy Corporation (NYSE:CMS) by 99.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,906 shares of the utilities provider’s stock after selling 557,809 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CMS Energy were worth $381,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CMS. Sound Income Strategies LLC boosted its stake in CMS Energy by 84.4% in 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 in the last quarter. Elyxium Wealth LLC bought a new stake in CMS Energy during the 4th quarter valued at about $29,000. DV Equities LLC bought a new stake in CMS Energy during the 4th quarter valued at about $29,000. MidFirst Bank purchased a new position in CMS Energy in the fourth quarter worth about $31,000. Finally, Quest 10 Wealth Builders Inc. raised its holdings in CMS Energy by 653.2% in 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 last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays cut their price target on shares of CMS Energy from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Bank of America upped their price objective on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. KeyCorp reiterated an “overweight” rating and set a $83.00 target price on shares of CMS Energy in a research note on Monday, June 8th. Morgan Stanley set a $77.00 target price on CMS Energy in a report on Thursday, May 21st. Finally, BMO Capital Markets decreased their price target on CMS Energy from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.17.

Insider Buying and Selling

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

CMS Energy Trading Down 0.1%

Shares of CMS Energy stock opened at $77.62 on Friday. CMS Energy Corporation has a 1-year low of $68.63 and a 1-year high of $80.36. The company’s fifty day simple moving average is $74.11 and its 200-day simple moving average is $74.20. 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 stock has a market capitalization of $23.98 billion, a PE ratio of 21.44, a P/E/G ratio of 2.81 and a beta of 0.35.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data 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 return on equity of 12.17% and a net margin of 12.55%.The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the business posted $1.02 EPS. CMS Energy’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. As a group, equities analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

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

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.