Krilogy Financial LLC purchased a new position in CMS Energy Corporation (NYSE:CMS – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,939 shares of the utilities provider’s stock, valued at approximately $1,005,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kilter Group LLC acquired a new position in shares of CMS Energy during the second quarter valued at about $26,000. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy in the 1st quarter valued at about $31,000. Trust Co. of Vermont acquired a new stake in shares of CMS Energy in the 2nd quarter valued at about $33,000. MidFirst Bank acquired a new stake in shares of CMS Energy in the 4th quarter valued at about $31,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in CMS Energy in the 1st quarter valued at about $41,000. 93.57% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
CMS has been the topic of a number of research reports. Barclays dropped their price target on CMS Energy from $81.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday. Scotiabank reissued a “sector outperform” rating and issued a $78.00 price objective on shares of CMS Energy in a research note on Thursday, October 1st. Weiss Ratings downgraded CMS Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Jefferies Financial Group lowered their target price on CMS Energy from $78.00 to $74.00 and set a “hold” rating on the stock in a research report on Tuesday, September 15th. Finally, Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.38.
View Our Latest Research Report on CMS
CMS Energy Stock Up 2.8%
Shares of NYSE:CMS traded up $1.90 during midday trading on Friday, hitting $68.83. 7,614,845 shares of the company’s stock were exchanged, compared to its average volume of 4,350,228. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. CMS Energy Corporation has a 12 month low of $62.28 and a 12 month high of $80.36. The company has a market cap of $21.59 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.32. The stock has a 50 day moving average price of $67.00 and a 200-day moving average price of $72.06.
CMS Energy (NYSE:CMS – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, sell-side analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.
CMS Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, August 7th. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.
CMS Energy Profile
CMS Energy Corporation (NYSE: CMS) is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers across Michigan.
Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.
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