Keybank National Association OH Reduces Stock Holdings in CMS Energy Corporation $CMS

Keybank National Association OH lessened its position in shares of CMS Energy Corporation (NYSE:CMS) by 4.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 192,154 shares of the utilities provider’s stock after selling 9,014 shares during the quarter. Keybank National Association OH’s holdings in CMS Energy were worth $14,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sound Income Strategies LLC grew its stake in CMS Energy by 84.4% in the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the last quarter. Elyxium Wealth LLC acquired a new position in CMS Energy during the fourth quarter worth about $29,000. DV Equities LLC acquired a new position in CMS Energy during the fourth quarter worth about $29,000. MidFirst Bank purchased a new stake in shares of CMS Energy in the fourth quarter valued at about $31,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in shares of CMS Energy by 653.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 405 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays lowered 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. BMO Capital Markets cut their price objective on CMS Energy from $82.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Jefferies Financial Group lowered CMS Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from $88.00 to $74.00 in a research note on Thursday, June 4th. Weiss Ratings reissued a “buy (b)” rating on shares of CMS Energy in a research report on Friday, June 5th. Finally, Bank of America boosted their price target on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.17.

CMS Energy Trading Down 0.1%

Shares of CMS stock opened at $77.62 on Friday. The firm’s 50-day simple moving average is $74.11 and its 200-day simple moving average is $74.20. 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 $68.63 and a 1-year high of $80.36. The firm has a market cap of $23.98 billion, a P/E ratio of 21.44, a PEG ratio of 2.81 and a beta of 0.35.

CMS Energy (NYSE:CMS) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating 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 firm 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 firm earned $1.02 earnings per share. CMS Energy’s revenue was up 11.6% compared to the same quarter last year. 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 issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, May 8th. CMS Energy’s dividend payout ratio is presently 62.98%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the transaction, the senior vice president directly owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

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.