Danske Bank A S Invests $1.53 Million in CMS Energy Corporation $CMS

Key Points

• Danske Bank acquired 20,000 CMS Energy shares during the second quarter, valued at approximately $1.53 million. Institutional investors and hedge funds collectively own 93.57% of the company.
• Analysts maintain a generally positive outlook, with CMS Energy receiving a “Moderate Buy” consensus rating and an average price target of $81.83, compared with its reported share price of $68.41.
• CMS Energy exceeded quarterly EPS expectations, reporting $0.37 versus the $0.36 consensus estimate, and announced a quarterly dividend of $0.57 per share, representing a 3.3% yield.

Danske Bank A S acquired a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,000 shares of the utilities provider's stock, valued at approximately $1,530,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC purchased a new position in CMS Energy during the second quarter worth about $313,000. Wealthfront Advisers LLC purchased a new stake in CMS Energy in the 2nd quarter valued at about $13,621,000. Foster & Motley Inc. acquired a new position in shares of CMS Energy during the 2nd quarter valued at about $614,000. Energy Income Partners LLC acquired a new position in shares of CMS Energy during the 2nd quarter valued at about $53,709,000. Finally, Alpine Woods Capital Investors LLC purchased a new position in shares of CMS Energy during the 2nd quarter worth about $363,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMS has been the topic of several research analyst reports. Wall Street Zen raised shares of CMS Energy from a "strong sell" rating to a "sell" rating in a research report on Sunday, July 5th. Morgan Stanley dropped their price target on shares of CMS Energy from $80.00 to $79.00 and set an "equal weight" rating for the company in a research report on Friday. Jefferies Financial Group set a $78.00 price target on shares of CMS Energy in a research note on Thursday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Finally, UBS Group restated a "neutral" rating and set a $84.00 price objective on shares of CMS Energy in a report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $81.83.

CMS Energy Stock Performance

NYSE:CMS opened at $68.41 on Friday. The firm's fifty day simple moving average is $73.65 and its 200 day simple moving average 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 Corporation has a twelve month low of $68.25 and a twelve month high of $80.36. The firm has a market capitalization of $21.45 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.47 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, equities research analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced 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. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, August 7th. CMS Energy's dividend payout ratio (DPR) is presently 68.47%.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total transaction of $222,930.00. Following the transaction, the senior vice president directly owned 67,111 shares of the company's stock, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company's stock.

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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