369,002 Shares in CMS Energy Corporation $CMS Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new stake in CMS Energy Corporation (NYSE:CMS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 369,002 shares of the utilities provider’s stock, valued at approximately $28,229,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kilter Group LLC acquired a new stake in shares of CMS Energy during the 2nd quarter worth about $26,000. Elyxium Wealth LLC purchased a new position in shares of CMS Energy during the fourth quarter valued at approximately $29,000. DV Equities LLC acquired a new stake in CMS Energy during the fourth quarter worth approximately $29,000. MidFirst Bank purchased a new stake in CMS Energy in the 4th quarter worth approximately $31,000. Finally, Scarborough Advisors LLC acquired a new position in CMS Energy in the 1st quarter valued at $31,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMS has been the topic of a number of recent analyst reports. Truist Financial reduced their price target on CMS Energy from $85.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. JPMorgan Chase & Co. upped their target price on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Barclays increased their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. KeyCorp downgraded shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Finally, Jefferies Financial Group set a $78.00 price target on shares of CMS Energy in a research report on Thursday, July 16th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.69.

CMS Energy Price Performance

CMS stock opened at $68.21 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. CMS Energy Corporation has a 1 year low of $67.90 and a 1 year high of $80.36. The firm has a market cap of $21.39 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.48 and a beta of 0.35. The stock has a 50-day simple moving average of $73.16 and a 200-day simple moving average of $74.63.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate 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 revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, equities analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.

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.