California State Teachers Retirement System Has $2.10 Billion Stock Holdings in CMS Energy Corporation $CMS

Key Points

• California State Teachers Retirement System dramatically increased its CMS Energy stake by 7,677.9% in the second quarter, acquiring 27.04 million additional shares. Its 27.39 million-share position was worth approximately $2.10 billion, representing an 8.73% ownership stake.
• CMS Energy reported quarterly EPS of $0.37, slightly ahead of analyst expectations, while revenue of $1.83 billion fell short of estimates and declined 0.5% year over year. The company maintained fiscal 2026 EPS guidance of $4.08–$4.17.
• The company pays a quarterly dividend of $0.57, equivalent to an annualized $2.28 dividend and a 3.4% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $81.

California State Teachers Retirement System boosted its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 7,677.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,390,749 shares of the utilities provider's stock after purchasing an additional 27,038,586 shares during the period. California State Teachers Retirement System owned about 8.73% of CMS Energy worth $2,095,392,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kilter Group LLC bought a new position in shares of CMS Energy during the 2nd quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in CMS Energy in the fourth quarter valued at $29,000. DV Equities LLC bought a new stake in CMS Energy in the fourth quarter valued at $29,000. MidFirst Bank acquired a new position in CMS Energy during the fourth quarter worth $31,000. Finally, Scarborough Advisors LLC acquired a new position in CMS Energy during the first quarter worth $31,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Performance

Shares of NYSE:CMS opened at $67.18 on Friday. CMS Energy Corporation has a twelve month low of $67.00 and a twelve month high of $80.36. The firm has a market cap of $21.07 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.48 and a beta of 0.34. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. The business has a fifty day moving average of $71.44 and a 200-day moving average of $74.14.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The business 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%.The firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, equities research analysts predict that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were paid 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 3.4%. CMS Energy's payout ratio is currently 68.47%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group set a $78.00 target price on shares of CMS Energy in a report on Thursday, July 16th. Mizuho cut their price target on shares of CMS Energy from $78.00 to $77.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of CMS Energy from a "strong sell" rating to a "sell" rating in a research report on Sunday, July 5th. JPMorgan Chase & Co. upped their price objective 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. Finally, KeyCorp lowered shares of CMS Energy from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, CMS Energy has a consensus rating of "Moderate Buy" and a consensus price target of $81.00.

CMS Energy Profile

CMS Energy Corporation NYSE: CMS is an energy company headquartered in Jackson, Michigan. Its principal subsidiary, Consumers Energy, is a regulated utility that provides electric and natural gas service to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains a diverse energy infrastructure that includes electric generation, transmission and distribution systems, as well as natural gas storage and distribution networks. The company is also investing in renewable energy and other technologies intended to support a cleaner and more reliable energy system, while continuing to serve customers across Michigan's Lower Peninsula.

CMS Energy traces its history to the Consumers Power Company, which was founded in 1886.

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