CMS Energy Corporation $CMS Stock: Sumitomo Mitsui DS Asset Management Company Ltd Increases Holdings

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of CMS Energy Corporation (NYSE:CMS – Free Report) by 769.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 433,532 shares of the utilities provider’s stock after buying an additional 383,681 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.14% of CMS Energy worth $27,347,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kilter Group LLC purchased a new position in shares of CMS Energy in the 2nd quarter valued at approximately $26,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of CMS Energy in the third quarter valued at approximately $30,000. MidFirst Bank purchased a new stake in shares of CMS Energy during the fourth quarter worth approximately $31,000. Scarborough Advisors LLC purchased a new stake in shares of CMS Energy during the first quarter worth approximately $31,000. Finally, Trust Co. of Vermont purchased a new stake in shares of CMS Energy during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Down 2.0%

Shares of CMS stock opened at $67.34 on Tuesday. The business’s fifty day moving average price is $66.97 and its 200 day moving average price is $71.95. The firm has a market capitalization of $21.12 billion, a PE ratio of 20.22, a P/E/G ratio of 2.51 and a beta of 0.32. 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 1-year low of $62.28 and a 1-year high of $80.36.

CMS Energy (NYSE:CMS – Get Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. CMS Energy’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, sell-side analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 6th. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group reaffirmed a “neutral” rating and set a $84.00 price target on shares of CMS Energy in a report on Wednesday, July 29th. Barclays lowered their price objective on shares of CMS Energy from $81.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. boosted their price objective 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. Royal Bank Of Canada set a $73.00 price objective on shares of CMS Energy in a research report on Tuesday, October 6th. Finally, Morgan Stanley cut their price objective on shares of CMS Energy from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Friday, September 18th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.56.

Get Our Latest Report on CMS Energy

CMS Energy Profile

(Free Report)

CMS Energy Corporation 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 throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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