Korea Investment CORP Invests $4.30 Million in CMS Energy Corporation $CMS

Key Points

• Korea Investment CORP acquired 56,157 CMS Energy shares during the second quarter, valued at approximately $4.30 million. Institutional investors and hedge funds collectively own 93.57% of the company.
• Analysts maintain a generally positive outlook, with CMS Energy holding a consensus rating of “Moderate Buy” and an average price target of $81.83, compared with a share price of $68.44.
• CMS Energy reported quarterly EPS of $0.37, slightly above estimates, while revenue fell 0.5% year over year to $1.83 billion. The company also declared a quarterly dividend of $0.57 per share, representing a 3.3% annualized yield.

Korea Investment CORP acquired a new position in 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 & Exchange Commission. The fund acquired 56,157 shares of the utilities provider's stock, valued at approximately $4,296,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kilter Group LLC acquired a new position in CMS Energy in the second quarter valued at $26,000. Elyxium Wealth LLC acquired a new stake in CMS Energy during the 4th quarter worth about $29,000. DV Equities LLC acquired a new stake in CMS Energy during the 4th quarter worth about $29,000. MidFirst Bank bought a new position in shares of CMS Energy in the 4th quarter worth about $31,000. Finally, Scarborough Advisors LLC bought a new position in shares of CMS Energy in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Truist Financial cut their target price on CMS Energy from $85.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. JPMorgan Chase & Co. increased their price target on CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of CMS Energy from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 5th. Morgan Stanley dropped their target price on shares of CMS Energy from $80.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, UBS Group reissued a "neutral" rating and set a $84.00 target price on shares of CMS Energy in a research note on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of "Moderate Buy" and a consensus target price of $81.83.

CMS Energy Stock Performance

NYSE CMS opened at $68.44 on Tuesday. The firm has a market cap of $21.46 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 2.47 and a beta of 0.35. 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's 50 day moving average is $73.55 and its 200-day moving average is $74.76. CMS Energy Corporation has a 12-month low of $67.90 and a 12-month 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 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm earned $0.71 EPS. CMS Energy'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. Sell-side analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

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

CMS Energy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source