Sumitomo Life Insurance Co. Purchases New Holdings in CMS Energy Corporation $CMS

Sumitomo Life Insurance Co. acquired a new position in shares of CMS Energy Corporation (NYSE:CMS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,079 shares of the utilities provider’s stock, valued at approximately $771,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMS. Vanguard Group Inc. lifted its holdings in shares of CMS Energy by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after purchasing an additional 1,501,991 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CMS Energy by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock worth $579,902,000 after buying an additional 183,589 shares during the last quarter. Norges Bank bought a new position in CMS Energy during the 4th quarter valued at approximately $316,057,000. Pictet Asset Management Holding SA increased its position in CMS Energy by 16.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after buying an additional 595,564 shares in the last quarter. Finally, FIL Ltd raised its stake in CMS Energy by 1.7% during the fourth quarter. FIL Ltd now owns 3,012,486 shares of the utilities provider’s stock valued at $210,663,000 after buying an additional 49,134 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE CMS opened at $68.41 on Friday. CMS Energy Corporation has a twelve month low of $68.25 and a twelve month high of $80.36. The firm has a market cap of $21.45 billion, a P/E ratio of 20.54, a PEG ratio of 2.47 and a beta of 0.35. The company has a 50 day moving average of $73.65 and a 200 day moving average of $74.75. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the firm posted $0.71 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s dividend payout ratio is presently 68.47%.

Wall Street Analyst Weigh In

Several research firms have commented on CMS. Mizuho dropped their target price on CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Barclays raised their price target on CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Truist Financial lowered their price target on CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Morgan Stanley dropped their price target on shares of CMS Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Weiss Ratings cut shares of CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.83.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total transaction of $222,930.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by 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.