Mitsubishi UFJ Asset Management Co. Ltd. Invests $58.83 Million in CMS Energy Corporation $CMS

Key Points

• Mitsubishi UFJ Asset Management acquired 769,025 CMS Energy shares worth approximately $58.83 million, while institutional investors and hedge funds collectively own 93.57% of the company.
• CMS Energy reported quarterly EPS of $0.37, slightly above the $0.36 analyst consensus, though revenue of $1.83 billion fell short of estimates and declined 0.5% year over year.
• The company declared a quarterly dividend of $0.57 per share, equivalent to a 3.2% yield, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $81.67.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 769,025 shares of the utilities provider's stock, valued at approximately $58,830,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.25% of CMS Energy at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CMS. OneDigital Investment Advisors LLC bought a new position in CMS Energy in the second quarter valued at approximately $226,000. Flputnam Investment Management Co. bought a new position in shares of CMS Energy in the 2nd quarter worth $3,832,000. Horizon Investment Services LLC bought a new position in shares of CMS Energy in the 2nd quarter worth $236,000. Global Retirement Partners LLC acquired a new stake in shares of CMS Energy during the second quarter worth $972,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of CMS Energy during the second quarter worth $259,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was 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 directly owned 67,111 shares in the company, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.

CMS Energy Trading Down 0.6%

Shares of NYSE:CMS opened at $70.63 on Thursday. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.57 and a beta of 0.35. CMS Energy Corporation has a 12 month low of $68.64 and a 12 month high of $80.36. The company's fifty day simple moving average is $73.82 and its 200 day simple moving average is $74.81. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results 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. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy's dividend payout ratio is currently 68.47%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CMS shares. Wall Street Zen raised CMS Energy from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 5th. Barclays boosted their target price on CMS Energy from $79.00 to $81.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Jefferies Financial Group set a $78.00 price target on CMS Energy in a research note on Thursday, July 16th. 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. Finally, 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 research note on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, CMS Energy has a consensus rating of "Moderate Buy" and an average price target of $81.67.

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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