CMS Energy Corporation $CMS Stock: Fifth Third Wealth Advisors LLC Increases Holdings

Key Points

• Fifth Third Wealth Advisors increased its CMS Energy holdings by 353.5% in the third quarter to 21,997 shares valued at approximately $1.39 million. Institutional investors collectively own 93.57% of the company.
• CMS Energy shares opened at $69.64, with the stock trading between a 52-week low of $62.28 and high of $80.36. The company reported quarterly EPS of $0.37, slightly above estimates, while revenue declined 0.5% year over year.
• The company declared a quarterly dividend of $0.57 per share, equivalent to $2.28 annually and a 3.3% yield. Analysts maintain an average “Hold” rating with an average price target of $77.76.

Fifth Third Wealth Advisors LLC lifted its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 353.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,997 shares of the utilities provider's stock after acquiring an additional 17,147 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in CMS Energy were worth $1,388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMS. Sterling Capital Management LLC raised its holdings in CMS Energy by 704.5% in the 3rd quarter. Sterling Capital Management LLC now owns 74,396 shares of the utilities provider's stock valued at $4,693,000 after buying an additional 65,148 shares during the last quarter. Yousif Capital Management LLC boosted its position in CMS Energy by 301.3% during the 3rd quarter. Yousif Capital Management LLC now owns 183,238 shares of the utilities provider's stock worth $11,559,000 after buying an additional 137,580 shares during the period. MBL Wealth LLC bought a new stake in CMS Energy during the 3rd quarter worth approximately $257,000. Sowell Financial Services LLC grew its holdings in CMS Energy by 484.9% during the 3rd quarter. Sowell Financial Services LLC now owns 24,652 shares of the utilities provider's stock worth $1,555,000 after acquiring an additional 20,437 shares during the last quarter. Finally, Physician Wealth Advisors Inc. grew its holdings in CMS Energy by 422.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 2,998 shares of the utilities provider's stock worth $189,000 after acquiring an additional 2,424 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Stock Down 0.9%

Shares of NYSE:CMS opened at $69.64 on Friday. 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 Corporation has a 52-week low of $62.28 and a 52-week high of $80.36. The business's 50 day simple moving average is $66.87 and its two-hundred day simple moving average is $71.74. The firm has a market cap of $21.84 billion, a P/E ratio of 20.91, a PEG ratio of 2.54 and a beta of 0.32.

CMS Energy (NYSE:CMS - Get Free Report) last issued 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. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations 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 was down .5% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, November 6th. CMS Energy's dividend payout ratio (DPR) is 68.47%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Weiss Ratings downgraded CMS Energy from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. 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. BMO Capital Markets lifted their target price on CMS Energy from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Monday, October 19th. Morgan Stanley reduced their price target on CMS Energy from $77.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Wall Street Zen raised CMS Energy from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 5th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $77.76.

About CMS Energy

CMS Energy Corporation 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 throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.

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