Jefferies Financial Group Inc. Takes $2.11 Million Position in CMS Energy Corporation $CMS

Jefferies Financial Group Inc. bought a new position in shares of CMS Energy Corporation (NYSE:CMS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,532 shares of the utilities provider’s stock, valued at approximately $2,106,000.

A number of other institutional investors have also modified their holdings of CMS. Geode Capital Management LLC boosted its stake in CMS Energy by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock worth $579,902,000 after purchasing an additional 183,589 shares during the period. GQG Partners LLC purchased a new position in CMS Energy during the 2nd quarter worth $363,388,000. Norges Bank acquired a new position in CMS Energy in the fourth quarter valued at $316,057,000. Pictet Asset Management Holding SA increased its stake in CMS Energy by 16.7% in the first quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after purchasing an additional 595,564 shares during the period. Finally, FIL Ltd raised its holdings in shares of CMS Energy by 1.7% in the fourth quarter. FIL Ltd now owns 3,012,486 shares of the utilities provider’s stock valued at $210,663,000 after buying an additional 49,134 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $68.21 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The company has a market cap of $21.39 billion, a P/E ratio of 20.48, a PEG ratio of 2.47 and a beta of 0.35. CMS Energy Corporation has a 52 week low of $67.90 and a 52 week high of $80.36. The company has a 50-day moving average price of $73.16 and a 200 day moving average price of $74.63.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Research analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be 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 is Friday, August 7th. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Jefferies Financial Group set a $78.00 price target on CMS Energy in a report on Thursday, July 16th. BMO Capital Markets increased their price objective on CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. JPMorgan Chase & Co. boosted their target price on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, KeyCorp cut CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.69.

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.