CMS Energy Corporation $CMS Position Boosted by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its CMS Energy position by 84.2% in the third quarter, bringing its holdings to 954,487 shares worth approximately $64 million. Institutional investors collectively own 93.57% of the company.
• Analyst sentiment remains cautiously positive, with a consensus “Moderate Buy” rating and an average price target of $78.38, despite several recent downgrades and target-price reductions.
• CMS Energy reported quarterly EPS of $0.37, slightly above estimates, while revenue declined 0.5% year over year. The company pays a quarterly dividend of $0.57 per share, equivalent to a 3.3% yield.

Assenagon Asset Management S.A. raised its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 84.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 954,487 shares of the utilities provider's stock after acquiring an additional 436,250 shares during the period. Assenagon Asset Management S.A. owned approximately 0.30% of CMS Energy worth $64,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMS. GQG Partners LLC bought a new stake in shares of CMS Energy in the 2nd quarter worth about $363,388,000. Pictet Asset Management Holding SA increased its position in shares of CMS Energy by 16.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider's stock valued at $323,262,000 after purchasing an additional 595,564 shares during the last quarter. Magellan Asset Management Ltd purchased a new position in CMS Energy during the second quarter worth $194,237,000. Legal & General Group Plc bought a new position in CMS Energy during the second quarter valued at $189,370,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of CMS Energy by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider's stock valued at $122,657,000 after acquiring an additional 50,475 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMS. Mizuho decreased 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. Morgan Stanley decreased their target price on CMS Energy from $79.00 to $77.00 and set an "equal weight" rating for the company in a research report on Friday, September 18th. Weiss Ratings cut shares of CMS Energy from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. KeyCorp downgraded shares of CMS Energy from an "overweight" rating to a "sector weight" rating in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group reduced 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 report on Tuesday, September 15th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.38.

CMS Energy Stock Up 2.8%

NYSE:CMS opened at $68.83 on Friday. CMS Energy Corporation has a fifty-two week low of $62.28 and a fifty-two week high of $80.36. The stock has a market capitalization of $21.59 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.45 and a beta of 0.32. 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 company's 50-day simple moving average is $67.00 and its 200-day simple moving average is $72.06.

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, topping the consensus estimate of $0.36 by $0.01. The business 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 business'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 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, equities analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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

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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