BI Asset Management Fondsmaeglerselskab A S Has $25.36 Million Stake in CMS Energy Corporation $CMS

BI Asset Management Fondsmaeglerselskab A S reduced its position in CMS Energy Corporation (NYSE:CMS) by 18.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 362,665 shares of the utilities provider’s stock after selling 80,389 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in CMS Energy were worth $25,361,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinebridge Investments LLC bought a new stake in shares of CMS Energy in the fourth quarter valued at about $1,124,000. Prudential PLC increased its position in CMS Energy by 142.0% during the fourth quarter. Prudential PLC now owns 9,471 shares of the utilities provider’s stock worth $662,000 after buying an additional 5,558 shares during the last quarter. Vise Technologies Inc. grew its position in shares of CMS Energy by 70.9% in the fourth quarter. Vise Technologies Inc. now owns 14,243 shares of the utilities provider’s stock valued at $996,000 after purchasing an additional 5,908 shares during the last quarter. Magellan Asset Management Ltd grew its position in shares of CMS Energy by 5.6% in the fourth quarter. Magellan Asset Management Ltd now owns 252,895 shares of the utilities provider’s stock valued at $17,685,000 after purchasing an additional 13,393 shares during the last quarter. Finally, Cibc World Market Inc. acquired a new stake in CMS Energy during the fourth quarter worth approximately $1,769,000. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 corporate insiders.

CMS Energy Stock Performance

CMS Energy stock opened at $71.98 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. The firm has a 50-day moving average of $75.25 and a 200-day moving average of $73.90. The firm has a market cap of $22.23 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.55 and a beta of 0.35. CMS Energy Corporation has a 1-year low of $68.41 and a 1-year high of $80.36.

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

CMS Energy Dividend Announcement

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

Analysts Set New Price Targets

CMS has been the subject of a number of research reports. BMO Capital Markets dropped their price target on CMS Energy from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday. Barclays reduced their target price on CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Mizuho boosted their target price on CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Jefferies Financial Group cut shares of CMS Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $88.00 to $74.00 in a report on Thursday. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.17.

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.