29,946 CMS Energy Corporation $CMS Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 928.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,173 shares of the utilities provider’s stock after purchasing an additional 29,946 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in CMS Energy were worth $2,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GQG Partners LLC purchased a new position in shares of CMS Energy during the 2nd quarter valued at approximately $363,388,000. Pictet Asset Management Holding SA increased its stake in shares of CMS Energy by 16.7% in the first quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock worth $323,262,000 after buying an additional 595,564 shares during the last quarter. Magellan Asset Management Ltd bought a new stake in shares of CMS Energy in the second quarter worth $194,237,000. Legal & General Group Plc bought a new stake in shares of CMS Energy in the second quarter worth $189,370,000. Finally, Dimensional Fund Advisors LP raised its holdings in CMS Energy by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock valued at $122,657,000 after acquiring an additional 50,475 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank Of Canada set a $73.00 target price 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 report on Thursday, October 8th. Capital One Financial set a $73.00 price target on CMS Energy in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. boosted their price objective on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.31.

Key Stories Impacting CMS Energy

Here are the key news stories impacting CMS Energy this week:

• Positive Sentiment: CMS Energy declared a quarterly dividend of $0.57 per share, payable December 1 to shareholders of record November 6. The annualized dividend is $2.28 per share, representing an indicated yield of approximately 3.3%. CMS Energy Declares Quarterly Dividend
• Positive Sentiment: Analysts expect CMS Energy’s upcoming earnings to benefit from conditions that could support a results beat, potentially improving sentiment if the company exceeds expectations. CMS Energy Earnings Expected to Grow
• Neutral Sentiment: CMS Energy recently traded near $68.14, below its 200-day moving average of $71.81 but above its 50-day average of $66.91. Its valuation and defensive utility profile may appeal to income-focused investors, while leverage remains elevated with a debt-to-equity ratio of 1.81.
• Negative Sentiment: Morgan Stanley lowered its CMS Energy price target from $77 to $73 and assigned an “equal weight” rating. Although the new target implies roughly 7.1% upside, the reduction signals less near-term appreciation potential and was likely the primary source of pressure on the stock. Morgan Stanley Adjusts CMS Energy Price Target
• Negative Sentiment: CMS Energy underperformed some utility-sector peers in the latest session, suggesting investors may be favoring competing utilities or expressing caution toward the company specifically. CMS Energy Underperforms Competitors

CMS Energy Stock Down 0.4%

Shares of NYSE:CMS opened at $68.14 on Thursday. The company’s fifty day moving average is $66.91 and its two-hundred day moving average is $71.81. 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 $62.28 and a 1-year high of $80.36. The stock has a market capitalization of $21.37 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 2.50 and a beta of 0.32.

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

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, November 6th. 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 Company Profile

CMS Energy Corporation 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 throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.