Foster & Motley Inc. Invests $614,000 in CMS Energy Corporation $CMS

Foster & Motley Inc. bought a new stake in CMS Energy Corporation (NYSE:CMS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,029 shares of the utilities provider’s stock, valued at approximately $614,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Energy Income Partners LLC purchased a new position in CMS Energy in the second quarter valued at about $53,709,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of CMS Energy in the second quarter worth about $363,000. Meeder Advisory Services Inc. acquired a new stake in shares of CMS Energy in the second quarter valued at about $1,600,000. Harborfront Financial Group LLC acquired a new stake in shares of CMS Energy in the second quarter valued at about $133,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of CMS Energy during the 2nd quarter valued at about $414,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. KeyCorp cut CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Jefferies Financial Group set a $78.00 target price on shares of CMS Energy in a research report on Thursday, July 16th. Mizuho decreased their target price on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Truist Financial lowered their price target on shares of CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Finally, Weiss Ratings downgraded shares of CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the sale, the senior vice president owned 67,111 shares in the company, valued at $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

CMS Energy Trading Down 0.6%

CMS opened at $70.63 on Thursday. CMS Energy Corporation has a 12-month low of $68.64 and a 12-month high of $80.36. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The stock has a market capitalization of $22.15 billion, a PE ratio of 21.21, a P/E/G ratio of 2.57 and a beta of 0.35. The firm’s fifty day moving average price is $73.82 and its 200 day moving average price is $74.81.

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 the consensus estimate of $0.36 by $0.01. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business earned $0.71 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company 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 3.2%. The ex-dividend date is Friday, August 7th. CMS Energy’s payout ratio is 68.47%.

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.