Massachusetts Financial Services Co. MA Sells 570,242 Shares of CMS Energy Corporation $CMS

Key Points

• Massachusetts Financial Services trimmed its CMS stake by 6.4%, selling 570,242 shares and retaining 8,272,363 shares (about 2.72% of the company) valued at roughly $578.5 million.
• Corporate insiders sold 20,664 shares worth $1.58 million in the last 90 days, including Director John G. Russell (14,914 shares) and SVP Brandon J. Hofmeister (4,000 shares), reducing their individual holdings.
• CMS raised its quarterly dividend to $0.57 (annualized $2.28, yield 2.9%), reported a slight Q earnings beat with revenue up 12.3% year-over-year, and set FY2026 guidance of $3.83–3.90 EPS versus analyst estimates near $3.59.

Massachusetts Financial Services Co. MA trimmed its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,272,363 shares of the utilities provider's stock after selling 570,242 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.72% of CMS Energy worth $578,486,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMS. Sound Income Strategies LLC increased its holdings in CMS Energy by 84.4% in the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider's stock worth $25,000 after buying an additional 157 shares in the last quarter. HM Payson & Co. increased its holdings in CMS Energy by 65.6% in the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider's stock worth $26,000 after buying an additional 141 shares in the last quarter. First Horizon Corp bought a new stake in CMS Energy in the 3rd quarter worth about $26,000. Covestor Ltd increased its holdings in CMS Energy by 52.0% in the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider's stock worth $31,000 after buying an additional 145 shares in the last quarter. Finally, Dorato Capital Management bought a new stake in CMS Energy in the 4th quarter worth about $37,000. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director John G. Russell sold 14,914 shares of CMS Energy stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $75.75, for a total transaction of $1,129,735.50. Following the transaction, the director directly owned 131,568 shares of the company's stock, valued at $9,966,276. The trade was a 10.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $78.23, for a total value of $312,920.00. Following 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. The disclosure for this sale is available in the SEC filing. Insiders sold 20,664 shares of company stock valued at $1,579,506 in the last 90 days. Corporate insiders own 0.50% of the company's stock.

CMS Energy Trading Down 0.7%

Shares of NYSE:CMS opened at $79.38 on Friday. The stock has a market capitalization of $24.45 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.81 and a beta of 0.43. 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 stock's 50-day simple moving average is $76.36 and its two-hundred day simple moving average is $73.68. CMS Energy Corporation has a 52-week low of $67.71 and a 52-week high of $80.36.

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

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from CMS Energy's previous quarterly dividend of $0.54. CMS Energy's payout ratio is presently 64.59%.

Analysts Set New Price Targets

CMS has been the subject of several research analyst reports. BMO Capital Markets reiterated an "outperform" rating and issued a $80.00 price objective (up from $79.00) on shares of CMS Energy in a report on Monday, February 9th. Morgan Stanley set a $80.00 target price on CMS Energy in a research report on Friday, February 20th. Weiss Ratings reissued a "buy (b-)" rating on shares of CMS Energy in a research report on Wednesday, January 21st. Barclays raised their target price on CMS Energy from $79.00 to $81.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, KeyCorp raised their target price on CMS Energy from $79.00 to $83.00 and gave the stock an "overweight" rating in a research report on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.54.

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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