CMS Energy Corporation $CMS Shares Acquired by ING Groep NV

ING Groep NV increased its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 8.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 639,197 shares of the utilities provider’s stock after acquiring an additional 52,338 shares during the period. ING Groep NV’s holdings in CMS Energy were worth $46,828,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in CMS Energy by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 39,044,129 shares of the utilities provider’s stock worth $2,704,977,000 after acquiring an additional 702,713 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of CMS Energy by 1.6% during the second quarter. Geode Capital Management LLC now owns 8,020,765 shares of the utilities provider’s stock worth $553,440,000 after purchasing an additional 130,059 shares in the last quarter. Norges Bank acquired a new position in shares of CMS Energy during the 2nd quarter worth about $238,951,000. Reaves W H & Co. Inc. lifted its stake in CMS Energy by 14.8% in the 3rd quarter. Reaves W H & Co. Inc. now owns 2,149,018 shares of the utilities provider’s stock valued at $157,437,000 after buying an additional 276,476 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CMS Energy by 1.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,925,841 shares of the utilities provider’s stock worth $133,422,000 after buying an additional 22,994 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Up 1.3%

Shares of CMS opened at $73.76 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 1.99. CMS Energy Corporation has a 12-month low of $67.71 and a 12-month high of $76.45. The firm has a 50-day moving average price of $70.82 and a 200 day moving average price of $72.22. The firm has a market capitalization of $22.45 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.58 and a beta of 0.47.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, February 5th. The utilities provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. CMS Energy’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. Sell-side analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a $0.57 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.54. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, February 17th. CMS Energy’s payout ratio is currently 64.59%.

Analyst Ratings Changes

Several equities research analysts have commented on CMS shares. KeyCorp boosted their price objective on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Jefferies Financial Group boosted their price target on CMS Energy from $79.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. UBS Group restated a “neutral” rating on shares of CMS Energy in a report on Friday. Mizuho lifted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Williams Trading set a $80.00 target price on shares of CMS Energy in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and a consensus target price of $78.43.

CMS Energy Profile

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.