Parnassus Investments LLC Acquires New Holdings in CMS Energy Corporation $CMS

Parnassus Investments LLC acquired a new stake in shares of CMS Energy Corporation (NYSE:CMS) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,472,659 shares of the utilities provider’s stock, valued at approximately $102,983,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMS. Norges Bank bought a new position in CMS Energy during the fourth quarter valued at approximately $316,057,000. Vanguard Group Inc. lifted its position in CMS Energy by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after purchasing an additional 1,501,991 shares during the period. Pictet Asset Management Holding SA lifted its position in CMS Energy by 70.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock valued at $249,738,000 after purchasing an additional 1,481,779 shares during the period. Soroban Capital Partners LP lifted its position in CMS Energy by 215.8% during the second quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock valued at $99,429,000 after purchasing an additional 980,733 shares during the period. Finally, ING Groep NV lifted its position in CMS Energy by 97.7% during the fourth quarter. ING Groep NV now owns 1,263,429 shares of the utilities provider’s stock valued at $88,352,000 after purchasing an additional 624,232 shares during the period. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America increased their price objective on shares of CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Jefferies Financial Group downgraded shares of CMS Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from $88.00 to $74.00 in a research report on Thursday, June 4th. Barclays decreased their price target on shares of CMS Energy from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Truist Financial decreased their price target on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Seven 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, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $80.17.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were 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 $4,987,018.41. This trade represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

CMS Energy Stock Down 0.8%

CMS opened at $72.90 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80. CMS Energy Corporation has a 1-year low of $68.41 and a 1-year high of $80.36. The company has a market capitalization of $22.52 billion, a PE ratio of 20.14, a PEG ratio of 2.66 and a beta of 0.35. The firm’s 50 day simple moving average is $74.91 and its two-hundred day simple moving average is $73.86.

CMS Energy (NYSE:CMS) last released 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 business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, equities analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, May 8th. CMS Energy’s dividend payout ratio (DPR) is presently 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.