The Manufacturers Life Insurance Company Invests $15.61 Million in CMS Energy Corporation $CMS

The Manufacturers Life Insurance Company bought a new stake in shares of CMS Energy Corporation (NYSE:CMS) during the second quarter, Holdings Channel.com reports. The fund bought 204,080 shares of the utilities provider’s stock, valued at approximately $15,612,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kilter Group LLC purchased a new position in CMS Energy during the second quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new stake in shares of CMS Energy in the fourth quarter valued at approximately $29,000. DV Equities LLC purchased a new stake in shares of CMS Energy in the fourth quarter valued at approximately $29,000. MidFirst Bank acquired a new position in shares of CMS Energy during the 4th quarter worth approximately $31,000. Finally, Scarborough Advisors LLC acquired a new position in shares of CMS Energy during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMS. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. UBS Group reissued a “neutral” rating and issued a $84.00 price target on shares of CMS Energy in a research note on Wednesday, July 29th. Truist Financial reduced their price objective on CMS Energy from $85.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Barclays boosted their target price on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. upped their price target on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $81.69.

CMS Energy Stock Performance

Shares of CMS stock opened at $68.21 on Friday. The firm has a 50 day moving average of $73.16 and a two-hundred day moving average of $74.63. The stock has a market capitalization of $21.39 billion, a PE ratio of 20.48, a P/E/G ratio of 2.48 and a beta of 0.35. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. CMS Energy Corporation has a 52 week low of $67.90 and a 52 week high of $80.36.

CMS Energy (NYSE:CMS) last posted 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 business 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%.The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, research analysts predict that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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