Nicholas Company Inc. Sells 9,810 Shares of CMS Energy Corporation $CMS

Nicholas Company Inc. lowered its stake in shares of CMS Energy Corporation (NYSE:CMS) by 6.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 152,040 shares of the utilities provider’s stock after selling 9,810 shares during the quarter. Nicholas Company Inc.’s holdings in CMS Energy were worth $10,632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CMS. Sound Income Strategies LLC raised its position in shares of CMS Energy by 84.4% during the fourth quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares during the last quarter. First Horizon Corp bought a new stake in shares of CMS Energy during the third quarter valued at approximately $26,000. Covestor Ltd raised its position in shares of CMS Energy by 52.0% during the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after buying an additional 145 shares during the last quarter. Quest 10 Wealth Builders Inc. raised its position in shares of CMS Energy by 653.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock valued at $33,000 after buying an additional 405 shares during the last quarter. Finally, Dorato Capital Management bought a new stake in shares of CMS Energy during the fourth quarter valued at approximately $37,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the topic of several recent analyst reports. Morgan Stanley set a $80.00 price objective on shares of CMS Energy in a research report on Friday, February 20th. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a research report on Tuesday, April 21st. UBS Group reissued a “neutral” rating on shares of CMS Energy in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, January 21st. Finally, Truist Financial started coverage on shares of CMS Energy in a report on Tuesday, April 21st. They issued a “buy” rating and a $86.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Insider Activity at CMS Energy

In other news, CAO Scott B. Mcintosh sold 1,750 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $78.20, for a total transaction of $136,850.00. Following the completion of the sale, the chief accounting officer directly owned 24,223 shares of the company’s stock, valued at approximately $1,894,238.60. The trade was a 6.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John G. Russell sold 14,914 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $75.75, for a total transaction of $1,129,735.50. Following the sale, the director directly owned 131,568 shares of the company’s stock, valued at $9,966,276. This represents a 10.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,664 shares of company stock valued at $1,579,506 over the last ninety days. Company insiders own 0.50% of the company’s stock.

CMS Energy Stock Up 0.0%

Shares of CMS opened at $72.61 on Monday. The firm has a market capitalization of $22.43 billion, a P/E ratio of 20.06, a P/E/G ratio of 2.63 and a beta of 0.37. CMS Energy Corporation has a 12-month low of $67.71 and a 12-month high of $80.36. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80. The firm has a fifty day moving average price of $77.01 and a 200-day moving average price of $74.06.

CMS Energy (NYSE:CMS) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Equities research analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, May 8th. CMS Energy’s payout ratio is currently 62.98%.

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.