Sanctuary Advisors LLC bought a new position in shares of CMS Energy Corporation (NYSE:CMS – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 39,132 shares of the utilities provider’s stock, valued at approximately $2,994,000.
A number of other large investors have also made changes to their positions in CMS. Kilter Group LLC purchased a new stake in CMS Energy in the 2nd quarter valued at $26,000. Scarborough Advisors LLC purchased a new position in shares of CMS Energy during the 1st quarter worth $31,000. Elyxium Wealth LLC purchased a new position in shares of CMS Energy during the 4th quarter worth $29,000. DV Equities LLC acquired a new position in shares of CMS Energy during the 4th quarter valued at about $29,000. Finally, Trust Co. of Vermont purchased a new stake in shares of CMS Energy in the second quarter valued at about $33,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently issued reports on CMS. KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. JPMorgan Chase & Co. increased their price target on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Mizuho cut their price target on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Finally, Barclays lifted their price target on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.83.
CMS Energy Stock Up 0.5%
Shares of CMS opened at $68.78 on Wednesday. The company’s 50-day moving average price is $73.44 and its 200 day moving average price is $74.74. CMS Energy Corporation has a 12-month low of $67.90 and a 12-month high of $80.36. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The firm has a market cap of $21.57 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 2.48 and a beta of 0.35.
CMS Energy (NYSE:CMS – Get Free Report) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. CMS Energy’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, sell-side analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current year.
CMS Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 7th. CMS Energy’s dividend payout ratio (DPR) is 68.47%.
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.
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