California State Teachers Retirement System Purchases 5,886 Shares of CMS Energy Corporation $CMS

California State Teachers Retirement System increased its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,049 shares of the utilities provider's stock after purchasing an additional 5,886 shares during the period. California State Teachers Retirement System owned approximately 0.11% of CMS Energy worth $27,390,749 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GQG Partners LLC purchased a new position in shares of CMS Energy in the 2nd quarter worth about $363,388,000. Norges Bank purchased a new position in shares of CMS Energy in the fourth quarter valued at approximately $316,057,000. Magellan Asset Management Ltd acquired a new stake in shares of CMS Energy during the second quarter valued at about $194,237,000. Legal & General Group Plc purchased a new position in CMS Energy in the second quarter valued at $189,370,000. Finally, Parnassus Investments LLC purchased a new position in CMS Energy in the fourth quarter worth $102,983,000. Institutional investors own 93.57% of the company's stock.

CMS Energy Stock Performance

NYSE CMS traded down $0.85 during trading on Tuesday, reaching $65.97. The company's stock had a trading volume of 1,380,246 shares, compared to its average volume of 3,214,001. CMS Energy Corporation has a twelve month low of $65.75 and a twelve month high of $80.36. The firm has a market cap of $20.69 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.46 and a beta of 0.34. The business's fifty day moving average price is $71.25 and its 200-day moving average price is $74.05. 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 (NYSE:CMS - Get Free Report) last released its 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 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 business's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were given a dividend of $0.57 per share. The ex-dividend date was Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a yield of 3.5%. CMS Energy's payout ratio is currently 68.47%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CMS shares. BMO Capital Markets decreased their price target on shares of CMS Energy from $82.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, September 8th. Truist Financial reduced their target price on shares of CMS Energy from $85.00 to $81.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Weiss Ratings downgraded shares of CMS Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, July 29th. 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 report on Wednesday, July 29th. Finally, Jefferies Financial Group decreased their target price on shares of CMS Energy from $78.00 to $74.00 and set a "hold" rating on the stock in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, CMS Energy has a consensus rating of "Moderate Buy" and an average price target of $80.69.

CMS Energy Company 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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