CMS Energy Corporation $CMS Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors reduced its CMS Energy position by 14.2% in the second quarter, selling 15,272 shares and retaining 92,269 shares valued at approximately $7.1 million. Institutional investors collectively own 93.57% of the company.
• Analyst sentiment remains moderately positive, with seven Buy ratings and six Hold ratings. CMS Energy has a consensus price target of $81, despite mixed individual adjustments.
• CMS Energy reported quarterly EPS of $0.37, slightly exceeding estimates, while revenue fell 0.5% year over year to $1.83 billion. The company pays a quarterly dividend of $0.57 per share, representing a 3.4% annualized yield.

HighTower Advisors LLC cut its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 14.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,269 shares of the utilities provider's stock after selling 15,272 shares during the period. HighTower Advisors LLC's holdings in CMS Energy were worth $7,059,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. raised its position in shares of CMS Energy by 2.3% during the 4th quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider's stock worth $92,529,000 after purchasing an additional 30,000 shares during the last quarter. Capital Innovations LLC acquired a new stake in CMS Energy in the 4th quarter worth about $1,652,000. Assenagon Asset Management S.A. increased its stake in CMS Energy by 10,463.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 518,237 shares of the utilities provider's stock worth $39,645,000 after buying an additional 513,331 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in CMS Energy by 28.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,324 shares of the utilities provider's stock worth $79,389,000 after buying an additional 227,795 shares in the last quarter. Finally, ING Groep NV raised its holdings in shares of CMS Energy by 97.7% during the fourth quarter. ING Groep NV now owns 1,263,429 shares of the utilities provider's stock valued at $88,352,000 after acquiring an additional 624,232 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CMS shares. Wall Street Zen upgraded CMS Energy from a "strong sell" rating to a "sell" rating in a research report on Sunday, July 5th. JPMorgan Chase & Co. increased their price objective on CMS Energy from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Morgan Stanley decreased their price objective on CMS Energy from $80.00 to $79.00 and set an "equal weight" rating on the stock in a report on Friday, August 21st. UBS Group reaffirmed a "neutral" rating and set a $84.00 target price on shares of CMS Energy in a research note on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of CMS Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.00.

CMS Energy Stock Down 0.6%

NYSE CMS opened at $67.77 on Friday. The business's fifty day simple moving average is $71.65 and its 200-day simple moving average is $74.19. 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 firm has a market cap of $21.25 billion, a PE ratio of 20.35, a P/E/G ratio of 2.49 and a beta of 0.34. CMS Energy Corporation has a 52 week low of $67.19 and a 52 week high of $80.36.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. CMS Energy'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. As a group, equities analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.4%. CMS Energy's dividend payout ratio (DPR) is currently 68.47%.

About CMS Energy

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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