Bank of Nova Scotia Takes $49.28 Million Position in CMS Energy Corporation $CMS

Key Points

• Bank of Nova Scotia acquired 644,132 CMS Energy shares worth approximately $49.3 million during the second quarter, representing a 0.21% stake. Institutional investors collectively own 93.57% of the company.
• Analysts maintain a “Moderate Buy” consensus on CMS Energy, with six Buy and six Hold ratings and an average price target of $81.83.
• CMS Energy reported quarterly EPS of $0.37, slightly above expectations, while revenue declined 0.5% year over year to $1.83 billion. The company also declared a $0.57 quarterly dividend, yielding about 3.3% annually.

Bank of Nova Scotia purchased a new stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 644,132 shares of the utilities provider's stock, valued at approximately $49,276,000. Bank of Nova Scotia owned 0.21% of CMS Energy as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Kilter Group LLC purchased a new position in shares of CMS Energy during the 2nd quarter worth about $26,000. Elyxium Wealth LLC purchased a new stake in CMS Energy in the 4th quarter worth about $29,000. DV Equities LLC bought a new stake in CMS Energy in the fourth quarter worth about $29,000. MidFirst Bank bought a new stake in CMS Energy in the fourth quarter worth about $31,000. Finally, Scarborough Advisors LLC purchased a new position in shares of CMS Energy during the first quarter valued at approximately $31,000. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMS has been the topic of several research analyst reports. Weiss Ratings downgraded CMS Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, July 29th. Morgan Stanley decreased their target price on CMS Energy from $80.00 to $79.00 and set an "equal weight" rating for the company in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of CMS Energy from $82.00 to $85.00 and gave the company an "overweight" rating in a research note 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. Finally, Barclays raised their price target on shares of CMS Energy from $79.00 to $81.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.83.

CMS Energy Stock Performance

CMS stock opened at $68.41 on Monday. CMS Energy Corporation has a 1-year low of $68.25 and a 1-year high of $80.36. The business has a 50-day moving average price of $73.65 and a 200 day moving average price of $74.78. The company has a market capitalization of $21.45 billion, a P/E ratio of 20.54, a PEG ratio of 2.47 and a beta of 0.35. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67.

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

CMS Energy Dividend Announcement

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

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value 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 approximately $4,987,018.41. The trade was a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company's stock.

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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