M&T Bank Corp Has $30.55 Million Holdings in CMS Energy Corporation $CMS

M&T Bank Corp lessened its holdings in CMS Energy Corporation (NYSE:CMS) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 417,054 shares of the utilities provider’s stock after selling 16,221 shares during the period. M&T Bank Corp owned about 0.14% of CMS Energy worth $30,553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Ossiam grew its holdings in shares of CMS Energy by 4.4% during the 3rd quarter. Ossiam now owns 5,245 shares of the utilities provider’s stock valued at $384,000 after purchasing an additional 220 shares during the last quarter. Squarepoint Ops LLC lifted its stake in CMS Energy by 98.8% in the 3rd quarter. Squarepoint Ops LLC now owns 245,068 shares of the utilities provider’s stock valued at $17,954,000 after purchasing an additional 121,789 shares during the last quarter. NorthRock Partners LLC lifted its stake in CMS Energy by 33.4% in the 3rd quarter. NorthRock Partners LLC now owns 5,088 shares of the utilities provider’s stock valued at $373,000 after purchasing an additional 1,275 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in CMS Energy by 192.2% in the third quarter. Brown Brothers Harriman & Co. now owns 2,402 shares of the utilities provider’s stock valued at $176,000 after buying an additional 1,580 shares in the last quarter. Finally, Glenmede Investment Management LP boosted its position in CMS Energy by 89.0% in the third quarter. Glenmede Investment Management LP now owns 27,200 shares of the utilities provider’s stock valued at $1,993,000 after buying an additional 12,806 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In related news, Director John G. Russell sold 14,914 shares of CMS Energy stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $75.75, for a total value of $1,129,735.50. Following the transaction, the director directly owned 131,568 shares of the company’s stock, valued at $9,966,276. The trade was a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 70,670 shares of the company’s stock, valued at $5,528,514.10. This represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 20,664 shares of company stock valued at $1,579,506 over the last three months. 0.40% of the stock is owned by insiders.

CMS Energy Price Performance

CMS stock opened at $77.82 on Friday. The company has a market capitalization of $23.85 billion, a P/E ratio of 22.05, a PEG ratio of 2.72 and a beta of 0.46. The company has a fifty day moving average price of $73.73 and a 200-day moving average price of $72.79. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.98. CMS Energy Corporation has a 52-week low of $67.71 and a 52-week high of $78.47.

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

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.57 dividend. 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. This represents a $2.28 annualized dividend and a dividend yield of 2.9%. CMS Energy’s payout ratio is currently 64.59%.

Analyst Upgrades and Downgrades

CMS has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of CMS Energy from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Williams Trading set a $80.00 price objective on CMS Energy in a report on Monday, February 9th. Wall Street Zen lowered CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Mizuho upped their target price on CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Bank of America set a $82.00 target price on CMS Energy in a research report on Friday, January 30th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.38.

CMS Energy Company 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.