2,539,050 Shares in CMS Energy Corporation $CMS Bought by Magellan Asset Management Ltd

Magellan Asset Management Ltd bought a new position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,539,050 shares of the utilities provider's stock, valued at approximately $194,237,000. CMS Energy makes up approximately 4.3% of Magellan Asset Management Ltd's portfolio, making the stock its 6th largest position. Magellan Asset Management Ltd owned approximately 0.81% of CMS Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Kilter Group LLC bought a new position in CMS Energy in the 2nd quarter valued at about $26,000. Elyxium Wealth LLC bought a new stake in shares of CMS Energy during the 4th quarter worth approximately $29,000. DV Equities LLC acquired a new stake in shares of CMS Energy in the 4th quarter valued at $29,000. MidFirst Bank bought a new stake in shares of CMS Energy during the 4th quarter valued at approximately $31,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of CMS Energy during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMS. JPMorgan Chase & Co. raised their price target on shares of CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. KeyCorp cut shares of CMS Energy from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 23rd. Barclays boosted 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. Morgan Stanley dropped their price objective on shares of CMS Energy from $80.00 to $79.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Weiss Ratings lowered shares of CMS Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $81.83.

CMS Energy Trading Up 0.2%

CMS stock opened at $68.41 on Monday. The company has a market capitalization of $21.45 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.47 and a beta of 0.35. 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 one year low of $68.25 and a one year high of $80.36. The company's 50 day moving average price is $73.65 and its two-hundred day moving average price is $74.78.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly 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. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The company's revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a $0.57 dividend. The ex-dividend date is Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. CMS Energy's payout ratio is currently 68.47%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the transaction, the senior vice president directly owned 67,111 shares of the company's stock, valued at $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

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.

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