CMS Energy Corporation $CMS Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in shares of CMS Energy Corporation (NYSE:CMS) by 50.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 206,688 shares of the utilities provider’s stock after selling 210,366 shares during the quarter. M&T Bank Corp owned about 0.07% of CMS Energy worth $14,454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its position in CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the period. HM Payson & Co. lifted its position in CMS Energy by 65.6% during the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 141 shares during the period. First Horizon Corp acquired a new stake in CMS Energy during the 3rd quarter worth about $26,000. Covestor Ltd lifted its stake in CMS Energy by 52.0% during the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 145 shares during the period. Finally, Dorato Capital Management acquired a new stake in CMS Energy during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS opened at $76.65 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.98 and a quick ratio of 0.76. The firm has a fifty day moving average price of $77.15 and a 200 day moving average price of $73.99. CMS Energy Corporation has a 1 year low of $67.71 and a 1 year high of $80.36. The stock has a market cap of $23.61 billion, a P/E ratio of 21.71, a P/E/G ratio of 2.72 and a beta of 0.43.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the business posted $0.87 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. Equities research analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, May 8th. CMS Energy’s payout ratio is currently 64.59%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMS. Barclays lifted their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. BMO Capital Markets decreased their price objective on shares of CMS Energy from $86.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Morgan Stanley set a $80.00 price objective on shares of CMS Energy in a research note on Friday, February 20th. KeyCorp boosted their price objective on CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company set a $80.00 price objective on CMS Energy in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.21.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the transaction, the senior vice president owned 70,670 shares of the company’s stock, valued at approximately $5,528,514.10. This represents a 5.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Scott B. Mcintosh sold 1,750 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $78.20, for a total value of $136,850.00. Following the completion of the transaction, the chief accounting officer directly owned 24,223 shares of the company’s stock, valued at $1,894,238.60. The trade was a 6.74% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 20,664 shares of company stock valued at $1,579,506. 0.50% of the stock is currently owned by company insiders.

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.