Blue Water Asset Management Takes $1.40 Million Position in CMS Energy Corporation $CMS

Blue Water Asset Management purchased a new stake in CMS Energy Corporation (NYSE:CMS) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 20,039 shares of the utilities provider’s stock, valued at approximately $1,401,000. CMS Energy accounts for approximately 0.5% of Blue Water Asset Management’s holdings, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMS. AE Wealth Management LLC increased its position in shares of CMS Energy by 5.8% in the third quarter. AE Wealth Management LLC now owns 244,165 shares of the utilities provider’s stock worth $17,888,000 after purchasing an additional 13,481 shares during the last quarter. Cidel Asset Management Inc. lifted its position in CMS Energy by 7.5% during the third quarter. Cidel Asset Management Inc. now owns 346,729 shares of the utilities provider’s stock valued at $25,401,000 after purchasing an additional 24,071 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in CMS Energy by 62.2% during the third quarter. Swiss Life Asset Management Ltd now owns 74,552 shares of the utilities provider’s stock valued at $5,462,000 after purchasing an additional 28,577 shares during the last quarter. Aberdeen Group plc lifted its position in CMS Energy by 14.5% during the fourth quarter. Aberdeen Group plc now owns 877,487 shares of the utilities provider’s stock valued at $61,363,000 after purchasing an additional 111,075 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in CMS Energy by 64.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 76,654 shares of the utilities provider’s stock valued at $5,616,000 after purchasing an additional 30,061 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CMS shares. Morgan Stanley set a $80.00 target price on shares of CMS Energy in a research report on Friday, February 20th. Wells Fargo & Company set a $80.00 target price on shares of CMS Energy in a research report on Tuesday, April 21st. Wall Street Zen lowered CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. JPMorgan Chase & Co. cut their target price on CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, UBS Group reaffirmed a “neutral” rating on shares of CMS Energy in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $81.33.

Insider Buying and Selling

In other news, Director John G. Russell sold 14,914 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $75.75, for a total transaction of $1,129,735.50. Following the completion of the sale, the director owned 131,568 shares of the company’s stock, valued at approximately $9,966,276. This represents a 10.18% decrease in their ownership of the stock. 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 stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $78.20, for a total value of $136,850.00. Following the sale, the chief accounting officer directly owned 24,223 shares of the company’s stock, valued at approximately $1,894,238.60. This trade represents a 6.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 20,664 shares of company stock worth $1,579,506. 0.50% of the stock is owned by company insiders.

CMS Energy Stock Down 2.2%

Shares of CMS opened at $71.63 on Friday. The firm has a market cap of $22.13 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.65 and a beta of 0.37. The stock has a 50 day simple moving average of $76.43 and a two-hundred day simple moving average of $73.98. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. CMS Energy Corporation has a 1 year low of $68.37 and a 1 year high of $80.36.

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, topping the consensus estimate of $1.11 by $0.02. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.CMS Energy’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed 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 3.2%. The ex-dividend date of this dividend is Friday, May 8th. CMS Energy’s dividend payout ratio is 62.98%.

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.