Tobam Buys 10,252 Shares of CMS Energy Corporation $CMS

Tobam grew its stake in shares of CMS Energy Corporation (NYSE:CMS) by 1,029.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,248 shares of the utilities provider’s stock after acquiring an additional 10,252 shares during the period. Tobam’s holdings in CMS Energy were worth $787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CMS. Bison Wealth LLC acquired a new stake in CMS Energy during the 4th quarter worth approximately $312,000. Integrated Wealth Concepts LLC acquired a new position in CMS Energy in the 1st quarter valued at $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CMS Energy by 10.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock valued at $2,602,000 after buying an additional 3,367 shares in the last quarter. Empowered Funds LLC increased its position in CMS Energy by 22.0% during the 1st quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after buying an additional 1,226 shares during the period. Finally, Woodline Partners LP increased its position in CMS Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock worth $1,896,000 after buying an additional 7,300 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

CMS has been the subject of a number of recent research reports. Morgan Stanley set a $77.00 target price on shares of CMS Energy in a research report on Thursday, May 21st. BMO Capital Markets dropped their price objective on shares of CMS Energy from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a report on Tuesday, April 21st. Jefferies Financial Group lowered shares of CMS Energy from a “buy” rating to a “hold” rating and decreased their target price for the stock from $88.00 to $74.00 in a research report on Thursday, June 4th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $83.00 target price on shares of CMS Energy in a report on Monday, June 8th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $80.17.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the transaction, the senior vice president owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

CMS Energy Stock Performance

CMS opened at $73.40 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. CMS Energy Corporation has a 52-week low of $68.41 and a 52-week high of $80.36. The firm has a market cap of $22.67 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.66 and a beta of 0.35. The business’s fifty day moving average is $74.31 and its 200-day moving average is $73.81.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the business earned $1.02 earnings per share. The company’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 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 given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, May 8th. CMS Energy’s payout ratio is currently 62.98%.

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.