Cibc World Market Inc. Invests $3.84 Million in CMS Energy Corporation $CMS

Key Points

• CIBC World Market acquired 50,179 CMS Energy shares during the second quarter, worth approximately $3.84 million. Institutional investors collectively own 93.57% of the utility’s stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $81.69, compared with the reported share price of $69.25.
• CMS Energy slightly exceeded quarterly EPS expectations, reporting $0.37 versus $0.36, while revenue fell 0.5% year over year to $1.83 billion. The company also declared a quarterly dividend of $0.57 per share, representing a 3.3% yield.

Cibc World Market Inc. 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 and Exchange Commission (SEC). The firm acquired 50,179 shares of the utilities provider's stock, valued at approximately $3,839,000.

Other institutional investors have also recently bought and sold shares of the company. Kilter Group LLC acquired a new stake in shares of CMS Energy during the 2nd quarter valued at about $26,000. Scarborough Advisors LLC acquired a new position in CMS Energy in the first quarter worth approximately $31,000. Elyxium Wealth LLC acquired a new position in CMS Energy in the fourth quarter worth approximately $29,000. DV Equities LLC bought a new position in CMS Energy during the fourth quarter valued at approximately $29,000. Finally, Trust Co. of Vermont bought a new position in CMS Energy during the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. UBS Group reaffirmed a "neutral" rating and issued a $84.00 price objective on shares of CMS Energy in a research note on Wednesday, July 29th. Jefferies Financial Group set a $78.00 price objective on shares of CMS Energy in a report on Thursday, July 16th. BMO Capital Markets increased their target price on shares of CMS Energy from $81.00 to $86.00 and gave the stock an "outperform" rating in a research report on Monday, July 20th. Finally, Mizuho cut their target price on CMS Energy from $78.00 to $77.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.69.

CMS Energy Trading Up 0.7%

NYSE:CMS opened at $69.25 on Thursday. CMS Energy Corporation has a 12 month low of $67.90 and a 12 month high of $80.36. The firm has a market cap of $21.72 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 2.49 and a beta of 0.35. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The company's 50 day moving average is $73.37 and its 200-day moving average is $74.71.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 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 firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $0.71 EPS. The business'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. Equities analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy's payout ratio is currently 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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