4,519,622 Shares in CMS Energy Corporation $CMS Acquired by Norges Bank

Norges Bank bought a new position in shares of CMS Energy Corporation (NYSE:CMS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 4,519,622 shares of the utilities provider’s stock, valued at approximately $316,057,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMS. Sound Income Strategies LLC increased 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 purchasing an additional 157 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in CMS Energy during the 4th quarter worth approximately $29,000. Quest 10 Wealth Builders Inc. grew its position in 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 acquiring an additional 405 shares in the last quarter. Dorato Capital Management acquired a new stake in CMS Energy in the fourth quarter valued at approximately $37,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in CMS Energy in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total transaction of $222,930.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on CMS shares. UBS Group reaffirmed a “neutral” rating on shares of CMS Energy in a research report on Friday, February 6th. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a research report on Tuesday, April 21st. Barclays lowered their price objective on shares of CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. KeyCorp increased their price objective on shares of CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Finally, Bank of America increased their price objective on shares of CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.83.

CMS Energy Stock Down 2.7%

CMS stock opened at $70.60 on Tuesday. CMS Energy Corporation has a twelve month low of $68.41 and a twelve month high of $80.36. 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 company has a market capitalization of $21.81 billion, a P/E ratio of 19.50, a PEG ratio of 2.63 and a beta of 0.35. The firm has a 50 day simple moving average of $75.56 and a 200-day simple moving average of $73.98.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share 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 business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company earned $1.02 earnings per share. The business’s quarterly 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. On average, equities research analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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