Brasada Capital Management LP Reduces Stake in CMS Energy Corporation $CMS

Brasada Capital Management LP lowered its position in CMS Energy Corporation (NYSE:CMS) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,880 shares of the utilities provider’s stock after selling 13,921 shares during the period. CMS Energy makes up approximately 1.4% of Brasada Capital Management LP’s investment portfolio, making the stock its 15th largest holding. Brasada Capital Management LP’s holdings in CMS Energy were worth $8,160,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cidel Asset Management Inc. boosted its position in CMS Energy by 7.5% in the third quarter. Cidel Asset Management Inc. now owns 346,729 shares of the utilities provider’s stock valued at $25,401,000 after buying an additional 24,071 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in CMS Energy by 62.2% in 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 buying an additional 28,577 shares during the last quarter. iA Global Asset Management Inc. boosted its position in CMS Energy by 2.3% in the fourth quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock valued at $92,529,000 after buying an additional 30,000 shares during the last quarter. Aberdeen Group plc lifted its holdings in CMS Energy by 14.5% in the fourth quarter. Aberdeen Group plc now owns 877,487 shares of the utilities provider’s stock valued at $61,363,000 after acquiring an additional 111,075 shares during the period. Finally, Vanguard Group Inc. boosted its position in CMS Energy by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after purchasing an additional 1,501,991 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 0.9%

NYSE CMS opened at $73.51 on Friday. The business has a fifty day moving average price of $74.81 and a 200 day moving average price of $73.86. CMS Energy Corporation has a one year low of $68.41 and a one year high of $80.36. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. The company has a market cap of $22.71 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.66 and a beta of 0.35.

CMS Energy (NYSE:CMS) last posted 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 return on equity of 12.17% and a net margin of 12.55%.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 prior year, the company earned $1.02 EPS. The firm’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. Research analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 8th. CMS Energy’s dividend payout ratio is currently 62.98%.

Analysts Set New Price Targets

CMS has been the topic of several recent research reports. Morgan Stanley set a $77.00 price objective on CMS Energy in a research report on Thursday, May 21st. Wall Street Zen lowered CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Jefferies Financial Group lowered CMS Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $88.00 to $74.00 in a research report on Thursday, June 4th. Bank of America upped their price objective on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lowered their price objective on CMS Energy from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.17.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s 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 completion of the sale, the senior vice president directly owned 67,111 shares in the company, valued at $4,987,018.41. This represents a 4.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

CMS Energy Company 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.