CMS Energy Corporation $CMS Stock: State of Alaska Department of Revenue Increases Stake

State of Alaska Department of Revenue boosted its holdings in CMS Energy Corporation (NYSE:CMS) by 1,866.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 595,253 shares of the utilities provider’s stock after buying an additional 564,984 shares during the quarter. State of Alaska Department of Revenue’s holdings in CMS Energy were worth $37,549,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. GQG Partners LLC acquired a new stake in shares of CMS Energy in the 2nd quarter valued at approximately $363,388,000. Pictet Asset Management Holding SA grew its holdings in shares of CMS Energy by 16.7% during 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 purchasing an additional 595,564 shares during the last quarter. Magellan Asset Management Ltd bought a new stake in shares of CMS Energy during the 2nd quarter valued at approximately $194,237,000. Legal & General Group Plc acquired a new position in CMS Energy during the 2nd quarter worth approximately $189,370,000. Finally, Dimensional Fund Advisors LP increased its position in CMS Energy by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock worth $122,657,000 after purchasing an additional 50,475 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Trading Up 0.7%

Shares of NYSE:CMS traded up $0.49 during midday trading on Thursday, hitting $67.31. 1,823,164 shares of the stock were exchanged, compared to its average volume of 3,314,228. The stock has a market capitalization of $21.11 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.42 and a beta of 0.32. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. The business’s 50-day moving average price is $67.13 and its 200 day moving average price is $72.15. CMS Energy Corporation has a 12 month low of $62.28 and a 12 month high of $80.36.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 7th. CMS Energy’s payout ratio is presently 68.47%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CMS. Capital One Financial set a $73.00 price objective on shares of CMS Energy in a research note on Tuesday, October 6th. Weiss Ratings cut shares of CMS Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Barclays upped their price target 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. Finally, Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.94.

About CMS Energy

CMS Energy Corporation (NYSE: CMS) is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers across Michigan.

Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.