CMS Energy Corporation $CMS Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in CMS Energy Corporation (NYSE:CMS) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 331,421 shares of the utilities provider’s stock after buying an additional 41,388 shares during the period. Russell Investments Group Ltd. owned 0.11% of CMS Energy worth $24,273,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CMS. HM Payson & Co. increased its position in shares of CMS Energy by 65.6% in the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 141 shares during the period. First Horizon Corp purchased a new position in CMS Energy in the 3rd quarter worth $26,000. Covestor Ltd lifted its position in CMS Energy by 52.0% during the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 145 shares during the period. Physician Wealth Advisors Inc. purchased a new stake in CMS Energy during the 3rd quarter valued at about $40,000. Finally, Tobam grew its stake in 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 purchasing an additional 145 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMS has been the subject of several research analyst reports. KeyCorp raised their price objective on CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. UBS Group reiterated a “neutral” rating on shares of CMS Energy in a research report on Friday, February 6th. Mizuho raised their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Wells Fargo & Company decreased their price objective on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, January 21st. Eight 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.38.

CMS Energy Trading Up 1.2%

CMS stock opened at $76.76 on Friday. CMS Energy Corporation has a 52-week low of $67.71 and a 52-week high of $78.47. The company has a quick ratio of 0.76, a current ratio of 0.98 and a debt-to-equity ratio of 1.89. The firm has a market cap of $23.52 billion, a P/E ratio of 21.75, a PEG ratio of 2.69 and a beta of 0.46. The company’s 50-day simple moving average is $73.59 and its 200-day simple moving average is $72.75.

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

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.54. CMS Energy’s dividend payout ratio is currently 64.59%.

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 1,750 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $78.20, for a total transaction of $136,850.00. Following the transaction, the chief accounting officer owned 24,223 shares in the company, valued at $1,894,238.60. This trade represents a 6.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction on Friday, February 27th. The shares were sold at an average price of $78.23, for a total transaction of $312,920.00. Following the completion of the sale, the senior vice president directly owned 70,670 shares in the company, valued at $5,528,514.10. This represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 20,664 shares of company stock valued at $1,579,506. Corporate insiders own 0.40% of the company’s stock.

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.