Director Diane Leopold completed a purchase of 2,000 shares of CMS Energy Corp common stock at a per-share price of $76.699, representing a total outlay of $153,398. The transaction took place on February 25, 2026, and was reported to the Securities and Exchange Commission via a Form 4 filing dated February 27, 2026.
Following the acquisition Leopold now directly holds 2,769 shares of CMS Energy. At the time the trade was reported, CMS shares were trading at $78.13 and sitting close to the 52-week high of $77.37.
Valuation signals in published analysis present a mixed picture. According to InvestingPro, CMS is trading above its Fair Value estimate and appears on the Most Overvalued list. Separately, company fundamentals cited in recent corporate disclosures include a streak of dividend increases and quarterly results that attracted attention from analysts and investors.
CMS Energy has raised its dividend for 19 consecutive years, a fact highlighted in the same set of analyses. The company also released fourth-quarter 2025 results showing revenue that materially exceeded forecasts while earnings per share met expectations.
Market-facing responses to those results included an upward adjustment by BMO Capital, which raised its price target for CMS Energy to $80 from $79 and kept an Outperform rating on the stock.
Corporate governance actions coincided with the trade. Diane Leopold, identified as a former executive at Dominion Energy, was named to the boards of CMS Energy and its subsidiary Consumers Energy. Leopold will serve on both the Compensation and Human Resources Committee and the Finance Committee.
In related corporate activity, Consumers Energy declared a quarterly dividend on its preferred stock of $1.125 per share, payable in April 2026 to holders of record in March 2026.
Taken together, the insider purchase, recent earnings release, analyst price-target movement, board appointments, and the preferred dividend declaration outline a cluster of strategic and financial developments at CMS Energy and Consumers Energy. The investment by a newly appointed director, disclosed promptly in a Form 4 filing, is one datapoint among these developments.
Readers should note the differing signals: the company reported strong revenue in Q4 2025 and continues a long run of dividend increases, while third-party analysis flags the shares as trading above fair value.