Daiichi Life Insurance Co. Ltd. Takes $5.17 Million Position in CMS Energy Corporation $CMS

Daiichi Life Insurance Co. Ltd. bought a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 67,618 shares of the utilities provider's stock, valued at approximately $5,173,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMS. Kilter Group LLC acquired a new stake in CMS Energy in the second quarter worth about $26,000. Scarborough Advisors LLC bought a new stake in CMS Energy during the 1st quarter worth about $31,000. Elyxium Wealth LLC acquired a new position in CMS Energy during the 4th quarter valued at about $29,000. DV Equities LLC acquired a new position in CMS Energy during the 4th quarter valued at about $29,000. Finally, Trust Co. of Vermont acquired a new position in CMS Energy during the 2nd quarter valued at about $33,000. Institutional investors own 93.57% of the company's stock.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the sale, the senior vice president owned 67,111 shares of the company's stock, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CMS shares. Barclays lifted their price target on shares of CMS Energy from $79.00 to $81.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the company an "overweight" rating in a 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. Truist Financial lowered 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. Finally, BMO Capital Markets upped their target price on shares of CMS Energy from $81.00 to $86.00 and gave the company an "outperform" rating in a research report on Monday, July 20th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, CMS Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.83.

CMS Energy Price Performance

Shares of CMS opened at $68.41 on Friday. The stock has a market cap of $21.45 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.47 and a beta of 0.35. CMS Energy Corporation has a 1 year low of $68.25 and a 1 year high of $80.36. The stock's 50-day moving average price is $73.65 and its two-hundred day moving average price is $74.75. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating analysts' consensus estimates 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%.CMS Energy'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. On average, equities analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a yield of 3.3%. 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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