GQG Partners LLC Takes $363.39 Million Position in CMS Energy Corporation $CMS

Key Points

• GQG Partners acquired 4.75 million CMS Energy shares worth approximately $363.4 million, representing a 1.51% stake. Institutional investors collectively own 93.57% of the utility.
• Analysts remain generally positive, with CMS Energy receiving a “Moderate Buy” consensus rating and an average price target of $81.83, despite the stock recently trading near $68.41.
• CMS Energy exceeded quarterly EPS expectations by reporting $0.37 versus the $0.36 consensus, while revenue declined 0.5% year over year. The company also declared a $0.57 quarterly dividend, equivalent to a 3.3% annualized yield.

GQG Partners LLC bought a new stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 4,750,161 shares of the utilities provider's stock, valued at approximately $363,388,000. GQG Partners LLC owned 1.51% of CMS Energy as of its most recent filing with the SEC.

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

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the transaction, the senior vice president 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. UBS Group restated a "neutral" rating and set a $84.00 price objective on shares of CMS Energy in a research note on Wednesday, July 29th. BMO Capital Markets lifted their price objective on CMS Energy from $81.00 to $86.00 and gave the stock an "outperform" rating in a report on Monday, July 20th. Weiss Ratings lowered CMS Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, July 29th. Finally, Barclays increased 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. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.83.

CMS Energy Trading Down 2.0%

CMS Energy stock opened at $68.41 on Friday. CMS Energy Corporation has a 1 year low of $68.25 and a 1 year high of $80.36. The firm's 50-day moving average is $73.65 and its 200-day moving average is $74.75. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. The company has a market cap of $21.45 billion, a P/E ratio of 20.54, a PEG ratio of 2.47 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $1.83 billion for 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%. CMS Energy's revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, equities analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 annualized dividend and a yield of 3.3%. CMS Energy's dividend payout ratio (DPR) 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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