TD Waterhouse Canada Inc. Sells 17,175 Shares of CMS Energy Corporation $CMS

Key Points

• TD Waterhouse Canada cut its CMS Energy position by 84.2% in the second quarter, selling 17,175 shares and retaining 3,227 shares worth approximately $245,000. Institutional investors collectively own 93.57% of the company.
• Analyst sentiment remains positive, with seven Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $81, compared with the stock’s recent $67.18 price.
• CMS Energy slightly exceeded quarterly EPS expectations at $0.37 but reported revenue below estimates and a 0.5% year-over-year decline. The company paid a quarterly dividend of $0.57, equivalent to a 3.4% annualized yield.

TD Waterhouse Canada Inc. trimmed its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 84.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,227 shares of the utilities provider's stock after selling 17,175 shares during the period. TD Waterhouse Canada Inc.'s holdings in CMS Energy were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CMS. iA Global Asset Management Inc. increased its stake in shares of CMS Energy by 2.3% in the fourth quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider's stock worth $92,529,000 after purchasing an additional 30,000 shares in the last quarter. Capital Innovations LLC bought a new position in CMS Energy in the 4th quarter worth approximately $1,652,000. Assenagon Asset Management S.A. grew its stake in CMS Energy by 10,463.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 518,237 shares of the utilities provider's stock valued at $39,645,000 after buying an additional 513,331 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in CMS Energy by 28.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,324 shares of the utilities provider's stock valued at $79,389,000 after acquiring an additional 227,795 shares during the period. Finally, ING Groep NV raised its holdings in CMS Energy by 97.7% during the 4th quarter. ING Groep NV now owns 1,263,429 shares of the utilities provider's stock valued at $88,352,000 after acquiring an additional 624,232 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMS has been the subject of several recent research reports. Jefferies Financial Group set a $78.00 price target on CMS Energy in a research report on Thursday, July 16th. Mizuho reduced their target price on CMS Energy from $78.00 to $77.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. BMO Capital Markets decreased their price target on CMS Energy from $82.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday. KeyCorp lowered shares of CMS Energy from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 23rd. Finally, Truist Financial decreased their target price on shares of CMS Energy from $85.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.00.

CMS Energy Stock Performance

NYSE:CMS opened at $67.18 on Friday. The company has a market capitalization of $21.07 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.48 and a beta of 0.34. The business has a 50 day moving average of $71.44 and a 200 day moving average of $74.14. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. CMS Energy Corporation has a 1-year low of $67.00 and a 1-year high of $80.36.

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

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 7th. CMS Energy's dividend payout ratio (DPR) is presently 68.47%.

CMS Energy 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.

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Corporation (NYSE:CMS - Free Report).

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.