CMS Energy Corporation $CMS Shares Acquired by Cidel Asset Management Inc.

Cidel Asset Management Inc. lifted its holdings in CMS Energy Corporation (NYSE:CMS) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 405,656 shares of the utilities provider’s stock after purchasing an additional 7,524 shares during the period. CMS Energy makes up approximately 1.5% of Cidel Asset Management Inc.’s holdings, making the stock its 18th largest holding. Cidel Asset Management Inc.’s holdings in CMS Energy were worth $31,033,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMS. California State Teachers Retirement System grew its stake in CMS Energy by 7,677.9% during the 2nd quarter. California State Teachers Retirement System now owns 27,390,749 shares of the utilities provider’s stock valued at $2,095,392,000 after acquiring an additional 27,038,586 shares in the last quarter. GQG Partners LLC acquired a new position in shares of CMS Energy during the 2nd quarter worth approximately $363,388,000. Norges Bank acquired a new position in shares of CMS Energy during the 4th quarter worth approximately $316,057,000. Magellan Asset Management Ltd purchased a new stake in shares of CMS Energy in the second quarter valued at approximately $194,237,000. Finally, Legal & General Group Plc purchased a new stake in shares of CMS Energy in the second quarter valued at approximately $189,370,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 0.6%

Shares of CMS opened at $68.90 on Wednesday. The company’s 50-day moving average price is $72.00 and its 200 day moving average price is $74.30. CMS Energy Corporation has a 12-month low of $67.19 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 $21.61 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.34.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $1.83 billion during 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 business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the business earned $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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 7th. CMS Energy’s dividend payout ratio (DPR) is 68.47%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho reduced their price objective on CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. BMO Capital Markets cut their target price on CMS Energy from $82.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday. Jefferies Financial Group set a $78.00 price target on CMS Energy in a report on Thursday, July 16th. UBS Group restated a “neutral” rating and set a $84.00 price objective on shares of CMS Energy in a research report on Wednesday, July 29th. Finally, Morgan Stanley dropped their price target on shares of CMS Energy from $80.00 to $79.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

CMS Energy Profile

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.