Delta Global Management LP Buys New Holdings in CMS Energy Corporation $CMS

by · The Markets Daily

Delta Global Management LP bought a new stake in CMS Energy Corporation (NYSE:CMS – Free Report) during the fourth quarter, Holdings Channel reports. The fund bought 13,377 shares of the utilities provider’s stock, valued at approximately $935,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in CMS Energy by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after acquiring an additional 1,501,991 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CMS Energy by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock valued at $579,902,000 after acquiring an additional 183,589 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in CMS Energy by 2.7% in the third quarter. Ameriprise Financial Inc. now owns 4,900,632 shares of the utilities provider’s stock valued at $358,865,000 after acquiring an additional 128,860 shares during the last quarter. Norges Bank bought a new stake in CMS Energy in the fourth quarter valued at about $316,057,000. Finally, Pictet Asset Management Holding SA increased its holdings in CMS Energy by 70.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock valued at $249,738,000 after buying an additional 1,481,779 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Up 0.5%

NYSE:CMS opened at $74.00 on Wednesday. The firm has a market capitalization of $22.86 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.67 and a beta of 0.35. The stock has a 50 day moving average of $74.63 and a 200-day moving average of $73.84. CMS Energy Corporation has a 52 week low of $68.41 and a 52 week 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.

CMS Energy (NYSE:CMS – Get Free Report) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.46 billion. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Analysts predict that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The firm also recently disclosed 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 was Friday, May 8th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. CMS Energy’s payout ratio is currently 62.98%.

Analyst Ratings Changes

Several analysts recently weighed in on CMS shares. Truist Financial lowered their price objective on CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a report on Monday, May 18th. Morgan Stanley set a $77.00 price objective on CMS Energy in a report on Thursday, May 21st. JPMorgan Chase & Co. lowered their price objective on CMS Energy from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Wells Fargo & Company set a $80.00 target price on CMS Energy in a report on Tuesday, April 21st. Finally, BMO Capital Markets lowered their target price on CMS Energy from $82.00 to $81.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Seven 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 presently has an average rating of “Moderate Buy” and a consensus price target of $80.17.

Check Out Our Latest Stock Report on CMS

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 67,111 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

About CMS Energy

(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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