CMS Energy Corporation $CMS Position Increased by Bank of Nova Scotia

Bank of Nova Scotia grew its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 611.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 259,974 shares of the utilities provider’s stock after purchasing an additional 223,444 shares during the period. Bank of Nova Scotia owned 0.09% of CMS Energy worth $18,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaQuest LLC raised its stake in CMS Energy by 285.5% during the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 334 shares during the period. Trust Co. of Vermont boosted its stake in CMS Energy by 127.7% in the second quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 300 shares during the period. Tobam grew its holdings in shares of CMS Energy by 35.0% during the second quarter. Tobam now owns 559 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 145 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of CMS Energy during the 1st quarter worth approximately $47,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of CMS Energy during the 2nd quarter worth approximately $58,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Price Performance

NYSE CMS opened at $70.48 on Wednesday. CMS Energy Corporation has a 12 month low of $63.97 and a 12 month high of $76.45. The firm has a market capitalization of $21.45 billion, a PE ratio of 20.37, a P/E/G ratio of 2.69 and a beta of 0.47. The company’s 50 day simple moving average is $73.58 and its 200 day simple moving average is $72.04. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.90 and a quick ratio of 0.60.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS and its FY 2025 guidance at 3.560-3.600 EPS. As a group, equities research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 7th were issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 7th. CMS Energy’s payout ratio is presently 62.72%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total value of $289,880.00. Following the completion of the sale, the senior vice president directly owned 64,259 shares of the company’s stock, valued at approximately $4,656,849.73. This represents a 5.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CMS. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. KeyCorp boosted their price target on shares of CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Wells Fargo & Company raised shares of CMS Energy to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley boosted their target price on shares of CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Barclays raised their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.36.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.