Intech Investment Management LLC Trims Stock Position in CMS Energy Corporation $CMS

Intech Investment Management LLC trimmed its holdings in CMS Energy Corporation (NYSE:CMS) by 18.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,404 shares of the utilities provider’s stock after selling 6,909 shares during the period. Intech Investment Management LLC’s holdings in CMS Energy were worth $2,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. HM Payson & Co. boosted its position in shares of CMS Energy by 65.6% in the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 141 shares during the last quarter. First Horizon Corp purchased a new position in CMS Energy during the third quarter worth approximately $26,000. Covestor Ltd boosted its holdings in shares of CMS Energy by 52.0% in the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 145 shares during the last quarter. Tobam grew its stake in shares of CMS Energy by 35.0% during the 2nd quarter. Tobam now owns 559 shares of the utilities provider’s stock valued at $39,000 after buying an additional 145 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of CMS Energy during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director Diane Leopold purchased 2,000 shares of CMS Energy stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average price of $76.70 per share, with a total value of $153,400.00. Following the completion of the acquisition, the director owned 2,769 shares of the company’s stock, valued at approximately $212,382.30. This trade represents a 260.08% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $78.23, for a total value of $312,920.00. Following the sale, the senior vice president owned 70,670 shares of the company’s stock, valued at approximately $5,528,514.10. This trade represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. 0.49% of the stock is currently owned by corporate insiders.

CMS Energy Stock Down 0.4%

NYSE CMS opened at $77.77 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.98 and a debt-to-equity ratio of 1.89. CMS Energy Corporation has a fifty-two week low of $67.71 and a fifty-two week high of $78.47. The business has a 50 day moving average price of $72.62 and a two-hundred day moving average price of $72.55. The stock has a market cap of $23.83 billion, a PE ratio of 22.03, a P/E/G ratio of 2.77 and a beta of 0.46.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, sell-side analysts predict that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were issued a $0.57 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 2.9%. This is an increase from CMS Energy’s previous quarterly dividend of $0.54. CMS Energy’s dividend payout ratio (DPR) is presently 64.59%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 target price (up from $79.00) on shares of CMS Energy in a report on Monday, February 9th. KeyCorp boosted their target price on CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday. Jefferies Financial Group raised their price target on shares of CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Mizuho lifted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Bank of America set a $82.00 price objective on shares of CMS Energy in a research report on Friday, January 30th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.38.

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.