Saudi Central Bank Boosts Stock Holdings in CMS Energy Corporation $CMS

Saudi Central Bank lifted its position in CMS Energy Corporation (NYSE:CMS) by 91.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,560 shares of the utilities provider’s stock after purchasing an additional 10,327 shares during the quarter. Saudi Central Bank’s holdings in CMS Energy were worth $1,649,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Syon Capital LLC raised its stake in CMS Energy by 33.3% during the second quarter. Syon Capital LLC now owns 8,781 shares of the utilities provider’s stock valued at $672,000 after purchasing an additional 2,196 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of CMS Energy by 38.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 4,551 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 1,253 shares during the last quarter. NEOS Investment Management LLC grew its position in CMS Energy by 9.8% in the second quarter. NEOS Investment Management LLC now owns 50,112 shares of the utilities provider’s stock worth $3,834,000 after acquiring an additional 4,490 shares in the last quarter. Continuum Advisory LLC purchased a new position in CMS Energy in the second quarter worth about $175,000. Finally, Nykredit A S bought a new stake in CMS Energy during the second quarter worth approximately $1,372,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of recent research reports. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Morgan Stanley dropped their price objective 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. Weiss Ratings lowered shares of CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. BMO Capital Markets cut their price target on shares of CMS Energy from $82.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Barclays raised their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $81.00.

CMS Energy Price Performance

CMS Energy stock opened at $68.90 on Wednesday. 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 cap of $21.61 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.34. The firm has a 50-day moving average of $72.00 and a two-hundred day moving average of $74.30. CMS Energy Corporation has a 1 year low of $67.19 and a 1 year high of $80.36.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, beating 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 firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, research analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was 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 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.