Empowered Funds LLC Takes Position in CMS Energy Corporation $CMS

Key Points

• Empowered Funds LLC acquired 15,317 CMS Energy shares worth approximately $1.17 million during the second quarter; institutional investors collectively own 93.57% of the company.
• Analyst sentiment remains favorable, with seven Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $81.69 versus the stock’s $68.41 opening price.
• CMS Energy reported quarterly EPS of $0.37, slightly exceeding estimates, and maintains a quarterly dividend of $0.57 per share, equivalent to a 3.3% annualized yield.

Empowered Funds LLC purchased a new position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,317 shares of the utilities provider's stock, valued at approximately $1,172,000.

Several other hedge funds have also recently bought and sold shares of CMS. Kilter Group LLC purchased a new stake in CMS Energy during the second quarter worth $26,000. Elyxium Wealth LLC purchased a new position in shares of CMS Energy in the fourth quarter valued at $29,000. DV Equities LLC acquired a new position in shares of CMS Energy during the 4th quarter worth $29,000. MidFirst Bank acquired a new position in shares of CMS Energy during the 4th quarter worth $31,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of CMS Energy in the 1st quarter worth about $31,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMS. Wall Street Zen upgraded shares of CMS Energy from a "strong sell" rating to a "sell" rating in a report on Sunday, July 5th. JPMorgan Chase & Co. increased their price target on shares of CMS Energy from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Truist Financial cut their price objective on CMS Energy from $85.00 to $81.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Barclays upped their target price on CMS Energy from $79.00 to $81.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Finally, Argus reiterated a "buy" rating and set a $80.00 target price on shares of CMS Energy in a report on Wednesday, August 26th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $81.69.

CMS Energy Price Performance

CMS stock opened at $68.41 on Friday. CMS Energy Corporation has a 52-week low of $67.19 and a 52-week high of $80.36. The stock's fifty day simple moving average is $72.34 and its 200-day simple moving average is $74.41. 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 stock has a market capitalization of $21.45 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.51 and a beta of 0.34.

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

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a yield of 3.3%. CMS Energy's dividend payout ratio (DPR) is currently 68.47%.

CMS Energy Company Profile

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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