Ieq Capital LLC Buys New Stake in CMS Energy Corporation $CMS

Ieq Capital LLC purchased a new position in shares of CMS Energy Corporation (NYSE:CMS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,978 shares of the utilities provider’s stock, valued at approximately $687,000.

Several other hedge funds also recently added to or reduced their stakes in CMS. Kilter Group LLC purchased a new stake in shares of CMS Energy in the second quarter worth about $26,000. Scarborough Advisors LLC acquired a new position in CMS Energy during the 1st quarter worth approximately $31,000. Elyxium Wealth LLC purchased a new position in CMS Energy in the 4th quarter worth approximately $29,000. DV Equities LLC purchased a new position in CMS Energy in the 4th quarter worth approximately $29,000. Finally, Trust Co. of Vermont acquired a new stake in CMS Energy in the second quarter valued at approximately $33,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Price Performance

CMS opened at $68.31 on Friday. The company has a market capitalization of $21.42 billion, a P/E ratio of 20.51, a PEG ratio of 2.51 and a beta of 0.35. The company has a 50-day moving average of $73.26 and a 200-day moving average of $74.68. 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.

CMS Energy (NYSE:CMS) last issued 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. 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 for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Equities analysts expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 annualized dividend and a yield of 3.3%. CMS Energy’s payout ratio is presently 68.47%.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of analyst reports. Truist Financial dropped their price objective on shares of CMS Energy from $85.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. KeyCorp lowered shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Mizuho dropped their price target on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Finally, Morgan Stanley lowered their target price on 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. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and a consensus target price of $81.69.

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.