Korea Investment CORP Takes $4.30 Million Position in CMS Energy Corporation $CMS

Korea Investment CORP acquired a new stake in shares of CMS Energy Corporation (NYSE:CMS) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 56,157 shares of the utilities provider’s stock, valued at approximately $4,296,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of CMS Energy by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after purchasing an additional 1,501,991 shares during the period. Geode Capital Management LLC grew its position in CMS Energy by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock worth $579,902,000 after buying an additional 183,589 shares in the last quarter. Norges Bank bought a new position in CMS Energy in the 4th quarter worth about $316,057,000. Pictet Asset Management Holding SA raised its holdings in shares of CMS Energy by 16.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after acquiring an additional 595,564 shares in the last quarter. Finally, FIL Ltd raised its holdings in shares of CMS Energy by 1.7% in the 4th quarter. FIL Ltd now owns 3,012,486 shares of the utilities provider’s stock valued at $210,663,000 after acquiring an additional 49,134 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

CMS has been the subject of several research analyst reports. Truist Financial dropped their target price on shares of CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Morgan Stanley cut their target price on shares of CMS Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday. Mizuho reduced their price target on shares of 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 boosted their price target on shares of CMS Energy from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Finally, KeyCorp lowered shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.83.

CMS Energy Trading Up 0.3%

NYSE:CMS opened at $68.44 on Tuesday. The firm has a market capitalization of $21.46 billion, a P/E ratio of 20.55, a PEG ratio of 2.47 and a beta of 0.35. 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 one year low of $67.90 and a one year high of $80.36. The company’s 50-day simple moving average is $73.55 and its 200 day simple moving average is $74.76.

CMS Energy (NYSE:CMS) last announced its 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. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal 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 dividend of $0.57 per share. The ex-dividend date is Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is presently 68.47%.

CMS Energy Company 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.