Brasada Capital Management LP Makes New $8.21 Million Investment in CMS Energy Corporation $CMS

Key Points

• Brasada Capital Management acquired 107,350 CMS Energy shares worth approximately $8.21 million, while institutional investors collectively own 93.57% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $81.69, despite several recent neutral ratings and target-price reductions.
• CMS Energy’s shares opened at $68.31, near their 52-week low, after the company slightly beat quarterly EPS estimates; it also declared a quarterly dividend of $0.57 per share, yielding about 3.3% annually.

Brasada Capital Management LP acquired a new position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 107,350 shares of the utilities provider's stock, valued at approximately $8,212,000.

A number of other large investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC grew 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 valued at $298,000 after purchasing an additional 137 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of CMS Energy by 1.5% during 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 during the period. Florida Financial Advisors LLC lifted its holdings in shares of CMS Energy by 4.9% during the fourth quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider's stock worth $220,000 after purchasing an additional 149 shares during the period. Cim LLC boosted its position in CMS Energy by 0.8% in the third quarter. Cim LLC now owns 19,038 shares of the utilities provider's stock valued at $1,395,000 after buying an additional 152 shares during the last quarter. Finally, Norinchukin Bank The boosted its position in CMS Energy by 0.9% in the third 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. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group set a $78.00 price objective on shares of CMS Energy in a report on Thursday, July 16th. UBS Group reissued a "neutral" rating and set a $84.00 target price on shares of CMS Energy in a report on Wednesday, July 29th. KeyCorp downgraded shares of CMS Energy from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 23rd. Mizuho cut their price target on CMS Energy from $78.00 to $77.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Finally, Morgan Stanley cut their price target on CMS Energy from $80.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Friday, August 21st. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.69.

CMS Energy Stock Performance

CMS opened at $68.31 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The firm has a fifty day moving average price of $73.26 and a 200 day moving average price of $74.68. CMS Energy Corporation has a 1 year low of $67.90 and a 1 year high of $80.36. The stock has a market cap of $21.42 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.51 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company 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 firm's revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Equities research analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently disclosed 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. This represents a $2.28 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy's dividend payout ratio (DPR) 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.

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