702,074 Shares in CMS Energy Corporation $CMS Bought by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC acquired 702,074 CMS Energy shares worth approximately $53.7 million, representing about 0.22% of the utility. Institutional investors collectively own 93.57% of the company.
• Analyst sentiment remains moderately positive, with CMS Energy carrying a “Moderate Buy” consensus rating and an average price target of $81.67 versus a recent price of $71.17.
• CMS Energy reported quarterly EPS of $0.37, slightly above expectations, and declared a quarterly dividend of $0.57 per share, equivalent to a 3.2% annualized yield.

Energy Income Partners LLC acquired a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 702,074 shares of the utilities provider's stock, valued at approximately $53,709,000. Energy Income Partners LLC owned about 0.22% of CMS Energy at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CMS. Quadrant Capital Group LLC raised its stake in CMS Energy by 3.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider's stock worth $298,000 after buying an additional 137 shares during the period. Hantz Financial Services Inc. lifted its position in shares of CMS Energy by 1.5% in the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider's stock worth $662,000 after purchasing an additional 143 shares in the last quarter. Florida Financial Advisors LLC lifted its position in CMS Energy by 4.9% during the 4th quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider's stock worth $220,000 after buying an additional 149 shares in the last quarter. Cim LLC raised its holdings in CMS Energy by 0.8% during the third quarter. Cim LLC now owns 19,038 shares of the utilities provider's stock worth $1,395,000 after acquiring an additional 152 shares in the last quarter. Finally, Norinchukin Bank The boosted its holdings in shares of CMS Energy by 0.9% in the 3rd quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider's stock valued at $1,338,000 after buying an additional 156 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the 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 sale, the senior vice president owned 67,111 shares of the company's stock, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CMS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of CMS Energy from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 5th. BMO Capital Markets boosted their target price on shares of CMS Energy from $81.00 to $86.00 and gave the company an "outperform" rating in a research report on Monday, July 20th. JPMorgan Chase & Co. increased their target price on CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Truist Financial decreased their price objective on shares of CMS Energy from $85.00 to $81.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Finally, KeyCorp cut CMS Energy from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, CMS Energy currently has an average rating of "Moderate Buy" and an average price target of $81.67.

CMS Energy Stock Performance

NYSE CMS opened at $71.17 on Wednesday. The company has a market capitalization of $22.32 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 2.58 and a beta of 0.35. 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 twelve month low of $68.64 and a twelve month high of $80.36. The stock has a fifty day simple moving average of $73.87 and a 200 day simple moving average of $74.81.

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, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The business's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. 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 EPS for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a $0.57 dividend. The ex-dividend date is Friday, August 7th. This represents a $2.28 annualized dividend and a yield of 3.2%. CMS Energy's dividend payout ratio is presently 68.47%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source