Legal & General Group Plc Decreases Stock Position in CMS Energy Corporation $CMS

Key Points

• Legal & General Group Plc reduced its CMS Energy stake by 6.4% in the fourth quarter, selling 182,168 shares and leaving it with 2.65 million shares valued at about $185.6 million.
• CMS Energy reported better-than-expected quarterly earnings of $1.13 per share on revenue of $2.73 billion, while also raising its FY 2026 EPS guidance to 3.83-3.90.
• The company declared a quarterly dividend of $0.57 per share, equal to an annualized yield of 3.1%, even as some insiders recently trimmed their holdings.

Legal & General Group Plc cut its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,653,464 shares of the utilities provider's stock after selling 182,168 shares during the quarter. Legal & General Group Plc owned 0.87% of CMS Energy worth $185,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in CMS Energy by 1.5% during the 4th quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider's stock valued at $662,000 after acquiring an additional 143 shares during the last quarter. Covestor Ltd boosted its stake in CMS Energy by 52.0% during 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. Cim LLC boosted its stake in CMS Energy by 0.8% during the 3rd quarter. Cim LLC now owns 19,038 shares of the utilities provider's stock valued at $1,395,000 after acquiring an additional 152 shares during the last quarter. Norinchukin Bank The boosted its stake in CMS Energy by 0.9% during the 3rd quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider's stock valued at $1,338,000 after acquiring an additional 156 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 157 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Up 0.0%

Shares of NYSE:CMS opened at $74.22 on Thursday. The stock has a market capitalization of $22.93 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 2.69 and a beta of 0.37. CMS Energy Corporation has a 1-year low of $68.37 and a 1-year high of $80.36. The company's fifty day moving average is $75.89 and its two-hundred day moving average is $74.03. 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:CMS - Get Free Report) last issued its 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. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The firm'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. Equities analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, May 8th. CMS Energy's dividend payout ratio is 62.98%.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction 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 sale, the senior vice president directly owned 67,111 shares of the company's stock, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 1,750 shares of the 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 sale, the chief accounting officer directly owned 24,223 shares in the company, valued at $1,894,238.60. This trade represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,750 shares of company stock worth $672,700 over the last three months. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CMS shares. Mizuho increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of CMS Energy from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Thursday, May 14th. Barclays reduced their price objective on shares of CMS Energy from $81.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group increased their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Finally, BMO Capital Markets reduced their price objective on shares of CMS Energy from $85.00 to $82.00 and set an "outperform" rating on the stock in a research note on Monday, May 11th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, CMS Energy currently has a consensus rating of "Moderate Buy" and an average target price of $80.83.

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.

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Corporation (NYSE:CMS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.