CMS Energy Corporation $CMS Shares Bought by Cidel Asset Management Inc.

Cidel Asset Management Inc. raised its stake in shares of CMS Energy Corporation (NYSE:CMS) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 405,656 shares of the utilities provider’s stock after buying an additional 7,524 shares during the period. CMS Energy comprises about 1.5% of Cidel Asset Management Inc.’s portfolio, making the stock its 18th largest holding. Cidel Asset Management Inc. owned 0.13% of CMS Energy worth $31,033,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Kilter Group LLC acquired a new stake in CMS Energy during the second quarter worth about $26,000. Elyxium Wealth LLC acquired a new position in CMS Energy in the fourth quarter valued at approximately $29,000. DV Equities LLC purchased a new stake in CMS Energy in the 4th quarter worth approximately $29,000. MidFirst Bank purchased a new stake in CMS Energy in the 4th quarter worth approximately $31,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of CMS Energy during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Up 0.6%

Shares of NYSE:CMS opened at $68.90 on Wednesday. CMS Energy Corporation has a 1 year low of $67.19 and a 1 year high of $80.36. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.34. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The business’s 50 day moving average price is $72.00 and its 200-day moving average price is $74.30.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, equities research analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 7th. CMS Energy’s payout ratio is 68.47%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Argus reiterated a “buy” rating and issued a $80.00 target price on shares of CMS Energy in a research note on Wednesday, August 26th. Mizuho cut their price objective on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Barclays upped their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Finally, BMO Capital Markets dropped their target price on CMS Energy from $82.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.00.

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.