CMS Energy Corporation $CMS Stock Holdings Cut by Bruce & Co. Inc.

Key Points

• Bruce & Co. Inc. cut its stake in CMS Energy by 20.4% in Q3 to 156,000 shares (about $11.43M), making CMS its 12th largest holding and 3.5% of the firm's portfolio; institutional investors own 93.57% of the company.
• CMS Energy beat Q4 estimates with $0.95 EPS (vs. $0.94) and $2.23B revenue (up 12.3% YoY), set FY2026 guidance of 3.830–3.900 EPS, and raised its quarterly dividend to $0.57 (annualized $2.28, ~3.0% yield).
• Analysts give a consensus of "Moderate Buy" with an average price target of $79.38 (8 Buys, 6 Holds), while company insiders have sold ~20,664 shares (~$1.58M) in the past 90 days.

Bruce & Co. Inc. cut its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 20.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 156,000 shares of the utilities provider's stock after selling 40,000 shares during the quarter. CMS Energy accounts for 3.5% of Bruce & Co. Inc.'s portfolio, making the stock its 12th largest position. Bruce & Co. Inc. owned about 0.05% of CMS Energy worth $11,429,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. HM Payson & Co. boosted its stake in CMS Energy by 65.6% during the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider's stock valued at $26,000 after buying an additional 141 shares in the last quarter. Private Trust Co. NA raised its position in CMS Energy by 10.1% in the third quarter. Private Trust Co. NA now owns 1,562 shares of the utilities provider's stock worth $114,000 after acquiring an additional 143 shares in the last quarter. Tobam lifted its holdings in CMS Energy by 35.0% in the 2nd quarter. Tobam now owns 559 shares of the utilities provider's stock valued at $39,000 after acquiring an additional 145 shares during the last quarter. Covestor Ltd lifted its holdings in CMS Energy by 52.0% in the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 145 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of CMS Energy by 1.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 12,680 shares of the utilities provider's stock valued at $929,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Morgan Stanley set a $80.00 target price on shares of CMS Energy in a report on Friday, February 20th. Barclays raised their target price on shares of CMS Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a report on Monday, February 23rd. Bank of America set a $82.00 price target on shares of CMS Energy in a research report on Friday, January 30th. UBS Group reaffirmed a "neutral" rating on shares of CMS Energy in a report on Friday, February 6th. Finally, Mizuho increased their price objective on CMS Energy from $73.00 to $76.00 and gave the company a "neutral" rating in a research report on Friday, February 6th. Eight research 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, CMS Energy currently has a consensus rating of "Moderate Buy" and an average price target of $79.38.

CMS Energy Stock Performance

Shares of CMS opened at $76.76 on Friday. The company has a market capitalization of $23.52 billion, a PE ratio of 21.75, a PEG ratio of 2.69 and a beta of 0.46. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.98. The company's 50 day moving average price is $73.59 and its 200 day moving average price is $72.75. CMS Energy Corporation has a 52 week low of $67.71 and a 52 week high of $78.47.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.01. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The company's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. Research analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This is a positive change from CMS Energy's previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, February 17th. CMS Energy's dividend payout ratio is 64.59%.

Insider Transactions at CMS Energy

In related news, CAO Scott B. Mcintosh sold 1,750 shares of CMS Energy stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $78.20, for a total transaction of $136,850.00. Following the completion of the sale, the chief accounting officer owned 24,223 shares of the company's stock, valued at approximately $1,894,238.60. This trade represents a 6.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the company's stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the transaction, the senior vice president directly owned 70,670 shares in the company, valued at approximately $5,528,514.10. The trade was a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,664 shares of company stock worth $1,579,506 in the last ninety days. Company insiders own 0.40% 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.

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