Squarepoint Ops LLC Has $1.13 Million Holdings in CMS Energy Corporation $CMS

Key Points

• Squarepoint Ops LLC cut its CMS Energy stake by 88% in the second quarter, selling 108,688 shares and retaining 14,790 shares valued at approximately $1.13 million.
• Institutional investors and hedge funds own 93.57% of CMS Energy, while analysts maintain a “Moderate Buy” consensus with an average price target of $80.69.
• CMS Energy reported quarterly EPS of $0.37, slightly exceeding estimates, and pays a quarterly dividend of $0.57 per share, representing a 3.4% annualized yield.

Squarepoint Ops LLC trimmed its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 88.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,790 shares of the utilities provider's stock after selling 108,688 shares during the period. Squarepoint Ops LLC's holdings in CMS Energy were worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMS. Geode Capital Management LLC lifted its holdings in shares of CMS Energy by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider's stock valued at $579,902,000 after purchasing an additional 183,589 shares in the last quarter. GQG Partners LLC acquired a new stake in CMS Energy in the 2nd quarter valued at approximately $363,388,000. Pictet Asset Management Holding SA lifted its stake in CMS Energy by 16.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider's stock valued at $323,262,000 after acquiring an additional 595,564 shares in the last quarter. Norges Bank acquired a new position in CMS Energy during the 4th quarter worth approximately $316,057,000. Finally, Magellan Asset Management Ltd bought a new position in shares of CMS Energy during the 2nd quarter worth approximately $194,237,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of research reports. Weiss Ratings lowered shares of CMS Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, July 29th. Morgan Stanley cut their price target 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, August 21st. UBS Group restated a "neutral" rating and issued a $84.00 price objective on shares of CMS Energy in a report on Wednesday, July 29th. Jefferies Financial Group dropped their target price on CMS Energy from $78.00 to $74.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Barclays raised their price target on CMS Energy from $79.00 to $81.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $80.69.

CMS Energy Stock Up 0.3%

Shares of CMS stock opened at $66.21 on Friday. CMS Energy Corporation has a 52-week low of $65.67 and a 52-week high of $80.36. The stock has a market cap of $20.76 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 2.41 and a beta of 0.34. The firm's 50-day moving average is $70.64 and its 200-day moving average is $73.82. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly 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. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The business's revenue was down .5% compared to the same quarter last year. 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 EPS for the current year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.28 annualized dividend and a yield of 3.4%. CMS Energy's dividend payout ratio (DPR) is currently 68.47%.

CMS Energy Company Profile

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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