15,317 Shares in CMS Energy Corporation $CMS Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in CMS Energy Corporation (NYSE:CMS) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 15,317 shares of the utilities provider’s stock, valued at approximately $1,172,000.

Other institutional investors also recently bought and sold shares of the company. GQG Partners LLC acquired a new position in shares of CMS Energy during the 2nd quarter valued at $363,388,000. Norges Bank purchased a new position in CMS Energy in the fourth quarter valued at about $316,057,000. Magellan Asset Management Ltd purchased a new position in CMS Energy in the second quarter valued at about $194,237,000. Legal & General Group Plc acquired a new position in shares of CMS Energy during the second quarter worth about $189,370,000. Finally, Parnassus Investments LLC acquired a new position in shares of CMS Energy during the fourth quarter worth about $102,983,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays increased their target price on CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Mizuho dropped their price objective 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. KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.69.

CMS Energy Price Performance

Shares of NYSE CMS opened at $68.41 on Friday. 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 fifty-two week low of $67.19 and a fifty-two week high of $80.36. The business has a 50 day moving average price of $72.34 and a two-hundred day moving average price of $74.41. The firm has a market cap of $21.45 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.51 and a beta of 0.34.

CMS Energy (NYSE:CMS) last released its 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 return on equity of 10.76% and a net margin of 11.64%.The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the business posted $0.71 EPS. The business’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. Sell-side analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.28 annualized dividend and a yield of 3.3%. CMS Energy’s dividend payout ratio is currently 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.