Goldman Sachs Group Inc. Has $286.20 Million Position in CMS Energy Corporation $CMS

Goldman Sachs Group Inc. cut its stake in shares of CMS Energy Corporation (NYSE:CMS) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,092,674 shares of the utilities provider’s stock after selling 189,158 shares during the quarter. Goldman Sachs Group Inc.’s holdings in CMS Energy were worth $286,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Cidel Asset Management Inc. grew its holdings in shares of CMS Energy by 7.5% during the 3rd quarter. Cidel Asset Management Inc. now owns 346,729 shares of the utilities provider’s stock worth $25,401,000 after acquiring an additional 24,071 shares during the period. Swiss Life Asset Management Ltd grew its holdings in shares of CMS Energy by 62.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 74,552 shares of the utilities provider’s stock worth $5,462,000 after acquiring an additional 28,577 shares during the period. Aberdeen Group plc grew its holdings in shares of CMS Energy by 14.5% during the 4th quarter. Aberdeen Group plc now owns 877,487 shares of the utilities provider’s stock worth $61,363,000 after acquiring an additional 111,075 shares during the period. iA Global Asset Management Inc. grew its holdings in shares of CMS Energy by 2.3% during the 4th quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock worth $92,529,000 after acquiring an additional 30,000 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of CMS Energy by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after acquiring an additional 1,501,991 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Stock Performance

CMS Energy stock opened at $71.98 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $22.23 billion, a P/E ratio of 19.88, a PEG ratio of 2.55 and a beta of 0.35. The stock’s 50 day moving average is $75.25 and its 200 day moving average is $73.90. CMS Energy Corporation has a twelve month low of $68.41 and a twelve month high of $80.36.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, equities research analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, May 8th. CMS Energy’s dividend payout ratio (DPR) is currently 62.98%.

Insider Buying and Selling

In other CMS Energy 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 in the company, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CMS. Wall Street Zen downgraded CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Truist Financial reduced their target price on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Bank of America upped their target price on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. BMO Capital Markets cut their price target on CMS Energy from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group downgraded CMS Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from $88.00 to $74.00 in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.17.

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.