CMS Energy Corporation $CMS Stock: NorthCrest Asset Manangement LLC Boosts Position

NorthCrest Asset Manangement LLC boosted its stake in CMS Energy Corporation (NYSE:CMS) by 395.5% in the 3rd quarter, Holdings Channel reports. The firm owned 13,447 shares of the utilities provider’s stock after acquiring an additional 10,733 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in CMS Energy were worth $848,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. GQG Partners LLC bought a new position in shares of CMS Energy in the second quarter valued at approximately $363,388,000. Pictet Asset Management Holding SA grew its stake in CMS Energy by 16.7% during the first quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after acquiring an additional 595,564 shares in the last quarter. Magellan Asset Management Ltd bought a new stake in CMS Energy during the 2nd quarter worth approximately $194,237,000. Legal & General Group Plc bought a new stake in CMS Energy during the 2nd quarter worth approximately $189,370,000. Finally, Dimensional Fund Advisors LP lifted its stake in CMS Energy by 3.3% in 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. Institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 0.2%

Shares of CMS opened at $66.93 on Friday. CMS Energy Corporation has a fifty-two week low of $62.28 and a fifty-two week high of $80.36. The firm has a market cap of $20.99 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.44 and a beta of 0.32. The firm has a 50 day moving average price of $67.05 and a 200-day moving average price of $72.08. 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 (NYSE:CMS) last released its quarterly earnings data 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 return on equity of 10.76% and a net margin of 11.64%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. 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. As a group, equities research analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

CMS has been the subject of several analyst reports. Truist Financial cut their price target on shares of CMS Energy from $81.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday. 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. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Jefferies Financial Group dropped their price objective on CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Tuesday, September 15th. Finally, Royal Bank Of Canada set a $73.00 price objective on CMS Energy in a research note on Tuesday, October 6th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.