32,715 Shares in CMS Energy Corporation $CMS Acquired by First Bank & Trust

Key Points

• First Bank & Trust acquired 32,715 CMS Energy shares in the third quarter, valued at approximately $2.06 million. Institutional investors and hedge funds collectively own 93.57% of the utility company.
• Analyst sentiment remains moderately positive, with a consensus rating of “Moderate Buy” and an average price target of $78.38, despite several recent price-target cuts and downgrades to hold or sell.
• CMS Energy shares opened at $68.83, below the consensus target. The company slightly beat quarterly EPS estimates at $0.37 but reported revenue of $1.83 billion, down 0.5% year over year and below expectations.

First Bank & Trust acquired a new position in CMS Energy Corporation (NYSE:CMS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,715 shares of the utilities provider's stock, valued at approximately $2,064,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMS. GQG Partners LLC purchased a new position in shares of CMS Energy during the 2nd quarter worth $363,388,000. Magellan Asset Management Ltd purchased a new stake in CMS Energy in the 2nd quarter valued at about $194,237,000. Legal & General Group Plc purchased a new stake in CMS Energy in the 2nd quarter valued at about $189,370,000. Hsbc Holdings PLC purchased a new stake in CMS Energy in the 2nd quarter valued at about $91,344,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CMS Energy in the second quarter valued at about $58,830,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of recent analyst reports. Mizuho dropped their price target on shares of CMS Energy from $78.00 to $77.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Wall Street Zen raised shares of CMS Energy from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 5th. Jefferies Financial Group decreased their price objective on shares of CMS Energy from $78.00 to $74.00 and set a "hold" rating on the stock in a report on Tuesday, September 15th. Capital One Financial set a $73.00 price objective on shares of CMS Energy in a research report on Tuesday, October 6th. Finally, Weiss Ratings downgraded shares of CMS Energy from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. 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, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.38.

CMS Energy Price Performance

CMS opened at $68.83 on Monday. The stock's 50-day moving average price is $67.00 and its 200 day moving average price is $72.02. CMS Energy Corporation has a 12-month low of $62.28 and a 12-month 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 firm has a market cap of $21.59 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.51 and a beta of 0.32.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. CMS Energy's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, sell-side analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current year.

About CMS Energy

CMS Energy Corporation 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 throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.

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