Nykredit A S Takes Position in CMS Energy Corporation $CMS

Key Points

• Nykredit A/S bought 17,941 CMS Energy shares during the second quarter, valued at approximately $1.37 million. Institutional investors collectively own 93.57% of the utility company.
• CMS Energy reported quarterly EPS of $0.37, slightly above analyst expectations of $0.36, while revenue of $1.83 billion fell short of estimates and declined 0.5% year over year.
• Shares opened at $64.25, near their 12-month low, while the company maintains a quarterly dividend of $0.57, representing a 3.5% annualized yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $80.54.

Nykredit A S bought a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,941 shares of the utilities provider's stock, valued at approximately $1,372,000.

Several other large investors have also recently added to or reduced their stakes in CMS. Geode Capital Management LLC increased its stake in CMS Energy by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider's stock worth $579,902,000 after acquiring an additional 183,589 shares during the last quarter. GQG Partners LLC purchased a new position in CMS Energy in the second quarter valued at approximately $363,388,000. Pictet Asset Management Holding SA raised its holdings in CMS Energy by 16.7% in the first quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider's stock valued at $323,262,000 after buying an additional 595,564 shares during the period. Norges Bank acquired a new position in CMS Energy during the fourth quarter valued at approximately $316,057,000. Finally, Magellan Asset Management Ltd acquired a new position in CMS Energy during the second quarter valued at approximately $194,237,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Down 0.7%

Shares of CMS Energy stock opened at $64.25 on Wednesday. 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 business's 50 day simple moving average is $70.00 and its 200-day simple moving average is $73.54. The stock has a market capitalization of $20.15 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.37 and a beta of 0.34. CMS Energy Corporation has a twelve month low of $64.19 and a twelve month high of $80.36.

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

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were given a $0.57 dividend. The ex-dividend date was Friday, August 7th. This represents a $2.28 annualized dividend and a yield of 3.5%. CMS Energy's payout ratio is 68.47%.

Analyst Upgrades and Downgrades

CMS has been the subject of several analyst reports. Weiss Ratings downgraded CMS Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, July 29th. Wall Street Zen raised CMS Energy from a "strong sell" rating to a "sell" rating in a research report on Sunday, July 5th. Argus restated a "buy" rating and issued a $80.00 price target on shares of CMS Energy in a report on Wednesday, August 26th. 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. Finally, Barclays boosted their target price 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. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, CMS Energy presently has a consensus rating of "Moderate Buy" and an average target price of $80.54.

About CMS Energy

CMS Energy Corporation NYSE: CMS is an energy company headquartered in Jackson, Michigan. Its principal subsidiary, Consumers Energy, is a regulated utility that provides electric and natural gas service to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains a diverse energy infrastructure that includes electric generation, transmission and distribution systems, as well as natural gas storage and distribution networks. The company is also investing in renewable energy and other technologies intended to support a cleaner and more reliable energy system, while continuing to serve customers across Michigan's Lower Peninsula.

CMS Energy traces its history to the Consumers Power Company, which was founded in 1886.

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