Banque Pictet & Cie SA Purchases 48,364 Shares of CMS Energy Corporation $CMS

Key Points

• Banque Pictet & Cie SA initiated a CMS Energy position by purchasing 48,364 shares valued at approximately $3.05 million. Institutional investors and hedge funds collectively own 93.57% of the company.
• CMS Energy reported quarterly EPS of $0.37, slightly exceeding estimates, while revenue of $1.83 billion fell short of expectations and declined 0.5% year over year. The company issued full-year 2026 EPS guidance of $4.08–$4.17.
• Shares recently opened at $68.83, up 2.8%, while analysts maintain a “Moderate Buy” consensus with an average price target of $78.38. CMS Energy also offers a $2.28 annualized dividend, yielding approximately 3.3%.

Banque Pictet & Cie SA purchased a new position in CMS Energy Corporation (NYSE:CMS - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 48,364 shares of the utilities provider's stock, valued at approximately $3,051,000.

A number of other hedge funds have also modified their holdings of CMS. Pension & Wealth Management Advisors Inc. bought a new stake in shares of CMS Energy in the 3rd quarter valued at approximately $30,000. V Square Quantitative Management LLC increased its holdings in CMS Energy by 9.2% in the third quarter. V Square Quantitative Management LLC now owns 12,621 shares of the utilities provider's stock worth $796,000 after buying an additional 1,061 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in CMS Energy by 84.2% in the third quarter. Assenagon Asset Management S.A. now owns 954,487 shares of the utilities provider's stock worth $64,008,000 after buying an additional 436,250 shares during the last quarter. State of Alaska Department of Revenue grew its position in CMS Energy by 1,866.5% in the third quarter. State of Alaska Department of Revenue now owns 595,253 shares of the utilities provider's stock worth $37,549,000 after acquiring an additional 564,984 shares in the last quarter. Finally, Nvwm LLC grew its position in CMS Energy by 147,210.0% in the third quarter. Nvwm LLC now owns 14,731 shares of the utilities provider's stock worth $929,000 after acquiring an additional 14,721 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Up 2.8%

Shares of CMS stock opened at $68.83 on Friday. The stock's 50 day simple moving average is $67.00 and its 200 day simple moving average is $72.06. 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 twelve month low of $62.28 and a twelve month high of $80.36. The company has a market capitalization 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 posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts predict that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. CMS Energy's dividend payout ratio (DPR) is currently 68.47%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Mizuho reduced their price objective on shares of CMS Energy from $78.00 to $77.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. Capital One Financial set a $73.00 price objective on shares of CMS Energy in a research note on Tuesday, October 6th. Royal Bank Of Canada set a $73.00 price objective on shares of CMS Energy in a report on Tuesday, October 6th. Finally, Scotiabank reissued a "sector outperform" rating and set a $78.00 target price on shares of CMS Energy in a research report on Thursday, October 1st. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, CMS Energy currently has an average rating of "Moderate Buy" and an average price target of $78.38.

CMS Energy Company Profile

CMS Energy Corporation NYSE: CMS 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 across Michigan.

Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.

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