Jefferies Financial Group Inc. Buys New Stake in CMS Energy Corporation $CMS

Key Points

• Jefferies Financial Group purchased 27,532 CMS Energy shares worth approximately $2.1 million during the second quarter. Institutional investors and hedge funds collectively own 93.57% of the company.
• CMS Energy reported quarterly EPS of $0.37, slightly exceeding analyst expectations, while revenue fell 0.5% year over year to $1.83 billion. The stock recently opened at $68.21, near its 52-week low of $67.90.
• The company declared a quarterly dividend of $0.57, equivalent to an annualized $2.28 payout and a 3.3% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $81.69.

Jefferies Financial Group Inc. bought a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,532 shares of the utilities provider's stock, valued at approximately $2,106,000.

A number of other large investors also recently added to or reduced their stakes in CMS. Geode Capital Management LLC raised its holdings in shares of CMS Energy by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider's stock valued at $579,902,000 after buying an additional 183,589 shares during the period. GQG Partners LLC purchased a new position in shares of CMS Energy in the second quarter valued at approximately $363,388,000. Norges Bank purchased a new position in CMS Energy in the 4th quarter valued at approximately $316,057,000. Pictet Asset Management Holding SA grew its stake in CMS Energy by 16.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider's stock worth $323,262,000 after purchasing an additional 595,564 shares in the last quarter. Finally, FIL Ltd raised its position in CMS Energy by 1.7% in the 4th quarter. FIL Ltd now owns 3,012,486 shares of the utilities provider's stock valued at $210,663,000 after purchasing an additional 49,134 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Performance

Shares of CMS opened at $68.21 on Friday. The stock has a 50 day moving average price of $73.16 and a 200 day moving average price of $74.63. 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 company has a market capitalization of $21.39 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 2.47 and a beta of 0.35. CMS Energy Corporation has a 52-week low of $67.90 and a 52-week high of $80.36.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the company earned $0.71 earnings per share. The firm's revenue for the quarter was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Research analysts predict that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 7th. CMS Energy's dividend payout ratio is currently 68.47%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMS. Barclays boosted their price objective on CMS Energy from $79.00 to $81.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. BMO Capital Markets boosted their price target on shares of CMS Energy from $81.00 to $86.00 and gave the stock an "outperform" rating in a report on Monday, July 20th. 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 research report on Thursday, July 16th. Truist Financial reduced their price objective on shares of CMS Energy from $85.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Finally, 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. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.69.

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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