15,253 Shares in CMS Energy Corporation $CMS Acquired by OMERS ADMINISTRATION Corp

Key Points

• OMERS Administration Corp. acquired 15,253 CMS Energy shares worth approximately $1.17 million in the second quarter. Institutional investors collectively own 93.57% of the utility company.
• CMS Energy reported quarterly EPS of $0.37, slightly exceeding the $0.36 analyst consensus, while revenue of $1.83 billion fell short of estimates and declined 0.5% year over year.
• The company declared a quarterly dividend of $0.57 per share, equal to an annualized $2.28 and a 3.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $81.69.

OMERS ADMINISTRATION Corp purchased a new position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,253 shares of the utilities provider's stock, valued at approximately $1,167,000.

A number of other large investors also recently bought and sold shares of CMS. Vanguard Group Inc. increased its holdings in shares of CMS Energy by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider's stock worth $2,844,213,000 after buying an additional 1,501,991 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CMS Energy by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider's stock valued at $579,902,000 after acquiring an additional 183,589 shares during the last quarter. GQG Partners LLC purchased a new stake in CMS Energy during the second quarter valued at about $363,388,000. Norges Bank purchased a new stake in CMS Energy during the fourth quarter valued at about $316,057,000. Finally, Pictet Asset Management Holding SA increased 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 worth $323,262,000 after acquiring an additional 595,564 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Trading Up 0.7%

NYSE CMS opened at $69.25 on Thursday. The company's fifty day simple moving average is $73.37 and its 200-day simple moving average is $74.71. CMS Energy Corporation has a 52 week low of $67.90 and a 52 week high of $80.36. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The stock has a market cap of $21.72 billion, a P/E ratio of 20.80, a PEG ratio of 2.49 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company's revenue for the quarter 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 research analysts predict that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed 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 dividend payout ratio is presently 68.47%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Mizuho reduced their price objective on CMS Energy from $78.00 to $77.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Truist Financial dropped their target price on shares of CMS Energy from $85.00 to $81.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Jefferies Financial Group set a $78.00 price target on shares of CMS Energy in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Finally, Barclays lifted their target price on shares of CMS Energy from $79.00 to $81.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.69.

About CMS Energy

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.

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