CMS Energy Corporation $CMS Shares Sold by Keybank National Association OH

by · The Markets Daily

Keybank National Association OH reduced its stake in CMS Energy Corporation (NYSE:CMSFree Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and 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 owned 0.06% of CMS Energy worth $14,907,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CMS. Quadrant Capital Group LLC raised its stake in shares of CMS Energy by 3.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 137 shares during the last quarter. Hantz Financial Services Inc. grew its position in CMS Energy by 1.5% in the 4th quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock valued at $662,000 after buying an additional 143 shares during the last quarter. Florida Financial Advisors LLC increased its stake in CMS Energy by 4.9% in the 4th quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider’s stock valued at $220,000 after buying an additional 149 shares during the period. Cim LLC increased its stake in CMS Energy by 0.8% in the 3rd quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock valued at $1,395,000 after buying an additional 152 shares during the period. Finally, Norinchukin Bank The raised its position in CMS Energy by 0.9% during the 3rd quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider’s stock worth $1,338,000 after buying an additional 156 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CMS shares. Barclays reduced their target price on shares of CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of CMS Energy in a report on Friday, June 5th. Bank of America raised 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. KeyCorp reaffirmed an “overweight” rating and issued a $83.00 price objective on shares of CMS Energy in a report on Monday, June 8th. Finally, Morgan Stanley set a $77.00 target price on CMS Energy in a research report on Thursday, May 21st. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $80.17.

View Our Latest Stock Report on CMS

Insider Activity

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

CMS Energy Price Performance

Shares of NYSE CMS opened at $77.62 on Friday. The firm has a market capitalization 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 Corporation has a one year low of $68.63 and a one year high of $80.36. The company’s fifty day moving average is $74.11 and its two-hundred day moving average is $74.20. 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 (NYSE:CMSGet Free Report) last announced its quarterly 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 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 firm posted $1.02 EPS. The business’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. Analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a yield of 2.9%. CMS Energy’s dividend payout ratio (DPR) is 62.98%.

CMS Energy Company Profile

(Free Report)

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.

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