AE Wealth Management Increases CMS Energy Stake by 5.8%, Analysts Shift Price Targets
AE Wealth Management boosted its CMS Energy stake by 5.8% to 244,165 shares after buying 13,481 more in Q3, joining other investors such as Mirae Asset (+12.1% to 45,368 shares) and J. Safra Sarasin’s new $2.5 million position. Meanwhile analysts at JPMorgan, KeyCorp and Barclays adjusted price targets between $74 and $82, and SVP Brandon Hofmeister sold 4,000 shares at $72.47.
1. Institutional Ownership and Recent Stake Changes
During the third quarter, AE Wealth Management LLC increased its position in CMS Energy by 5.8%, adding 13,481 shares to reach a total holding of 244,165 shares. Mirae Asset Global Investments Co. Ltd. boosted its stake by 12.1% to 45,368 shares, Ballentine Partners LLC raised its position by 12.5% to 7,352 shares, Intact Investment Management Inc. added 7,100 shares for a 9.5% increase to 81,700 shares, and Whittier Trust Co. edged up by 2.1% to 9,431 shares. J. Safra Sarasin Holding AG established a new position valued at approximately $2.5 million. Collectively, institutional investors now own 93.57% of CMS Energy’s shares.
2. Analyst Ratings and Consensus Sentiment
A total of 14 analysts have issued research on CMS Energy in the past quarter: eight recommend Buy, five rate it Hold, and one issues a Sell opinion, resulting in a consensus rating of Moderate Buy. Notable revisions include JPMorgan Chase & Co. raising its price target by $1 and reaffirming an overweight view, Morgan Stanley maintaining an underperform rating, KeyCorp lifting its target, Barclays trimming its target, and Weiss Ratings reiterating a Buy (B–) stance. This mix of views highlights a broadly favorable sentiment tempered by occasional caution over regulatory and commodity price risks.
3. Insider Transactions
Senior Vice President Brandon J. Hofmeister sold 4,000 shares of CMS Energy in early November, reducing his position by 5.9%. Following the sale, Hofmeister holds 64,259 shares. Insider ownership across all executives and directors remains modest at 0.40% of outstanding shares, indicating limited management selling but no significant new insider purchases.
4. Third-Quarter Financial Results and Key Metrics
In the quarter ended October 30, CMS Energy reported earnings per share of $0.93, beating consensus estimates by $0.07. Revenue rose 15.9% year-over-year to $2.02 billion, surpassing the $1.83 billion forecast. Return on equity stood at 12.10% and net margin at 12.62%. The company’s balance sheet features a market capitalization of $21.57 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.55, and a beta of 0.49. Liquidity metrics include a current ratio of 0.90, a quick ratio of 0.60 and a debt-to-equity ratio of 1.84. Sell-side analysts project full-year EPS of 3.59.