Wealthfront Advisers LLC Invests $13.62 Million in CMS Energy Corporation $CMS

Key Points

• Wealthfront Advisers acquired 178,048 CMS Energy shares worth approximately $13.62 million in the second quarter, while institutional investors collectively owned 93.57% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $81.67, compared with CMS Energy’s reported opening price of $71.17.
• CMS Energy slightly exceeded quarterly earnings expectations, reporting EPS of $0.37 versus $0.36 expected, and announced a quarterly dividend of $0.57 per share, representing a 3.2% yield.

Wealthfront Advisers LLC acquired a new position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 178,048 shares of the utilities provider's stock, valued at approximately $13,621,000. Wealthfront Advisers LLC owned 0.06% of CMS Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Foster & Motley Inc. bought a new position in CMS Energy during the second quarter worth about $614,000. Energy Income Partners LLC acquired a new position in shares of CMS Energy during the 2nd quarter worth about $53,709,000. Alpine Woods Capital Investors LLC bought a new stake in shares of CMS Energy in the 2nd quarter valued at about $363,000. Meeder Advisory Services Inc. bought a new stake in shares of CMS Energy in the 2nd quarter valued at about $1,600,000. Finally, Harborfront Financial Group LLC bought a new position in CMS Energy during the 2nd quarter worth approximately $133,000. Institutional investors own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of analyst reports. Weiss Ratings cut shares of CMS Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, July 29th. Jefferies Financial Group set a $78.00 price target on shares of CMS Energy in a research report on Thursday, July 16th. JPMorgan Chase & Co. boosted their price target on shares of CMS Energy from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Truist Financial dropped their price objective on CMS Energy from $85.00 to $81.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Finally, UBS Group restated a "neutral" rating and issued a $84.00 price target on shares of CMS Energy in a report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.67.

CMS Energy Trading Down 0.3%

NYSE CMS opened at $71.17 on Wednesday. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 2.58 and a beta of 0.35. CMS Energy Corporation has a 52 week low of $68.64 and a 52 week high of $80.36. The stock's 50 day moving average price is $73.87 and its two-hundred day moving average price is $74.81. 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 released its 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. The business had revenue of $1.83 billion during 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 firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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 $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 7th. CMS Energy's dividend payout ratio (DPR) is 68.47%.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction that occurred on 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. The trade was a 4.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

About CMS Energy

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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