Meeder Advisory Services Inc. acquired a new position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,916 shares of the utilities provider's stock, valued at approximately $1,600,000.
Several other institutional investors have also recently added to or reduced their stakes in CMS. Quadrant Capital Group LLC lifted its stake in CMS Energy by 3.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider's stock worth $298,000 after purchasing an additional 137 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of CMS Energy by 1.5% in the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider's stock valued at $662,000 after buying an additional 143 shares in the last quarter. Florida Financial Advisors LLC raised its holdings in shares of CMS Energy by 4.9% in the 4th quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider's stock valued at $220,000 after buying an additional 149 shares during the period. Cim LLC raised its holdings in shares of CMS Energy by 0.8% in the 3rd quarter. Cim LLC now owns 19,038 shares of the utilities provider's stock valued at $1,395,000 after buying an additional 152 shares during the period. Finally, Norinchukin Bank The lifted its stake in CMS Energy by 0.9% during the 3rd quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider's stock worth $1,338,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.
Insider Buying and Selling at CMS Energy
In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the sale, the senior vice president owned 67,111 shares of the company's stock, valued at $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company's stock.
CMS Energy Trading Down 0.6%
NYSE:CMS opened at $70.63 on Thursday. CMS Energy Corporation has a 12-month low of $68.64 and a 12-month high of $80.36. The firm has a market cap of $22.15 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.57 and a beta of 0.35. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The stock has a fifty day moving average price of $73.82 and a 200 day moving average price of $74.81.
CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly 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. The company had revenue of $1.83 billion for 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%.CMS Energy's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Sell-side analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.
CMS Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, August 7th. CMS Energy's dividend payout ratio is presently 68.47%.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Truist Financial lowered their target price on CMS Energy from $85.00 to $81.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Barclays increased their price target on shares of CMS Energy from $79.00 to $81.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Mizuho lowered their price objective on shares of CMS Energy from $78.00 to $77.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. BMO Capital Markets lifted their price objective on shares of CMS Energy from $81.00 to $86.00 and gave the company an "outperform" rating in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.67.
Get Our Latest Research Report on CMS Energy
CMS Energy Company Profile
(
Free Report)
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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