CMS Energy Corporation $CMS Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in CMS Energy Corporation (NYSE:CMS) by 70.3% in the second quarter, HoldingsChannel reports. The firm owned 25,801 shares of the utilities provider’s stock after acquiring an additional 10,648 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in CMS Energy were worth $1,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. California State Teachers Retirement System increased its holdings in CMS Energy by 7,677.9% during the 2nd quarter. California State Teachers Retirement System now owns 27,390,749 shares of the utilities provider’s stock worth $2,095,392,000 after purchasing an additional 27,038,586 shares during the period. Geode Capital Management LLC boosted its stake in shares of CMS Energy by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock valued at $579,902,000 after buying an additional 183,589 shares during the period. GQG Partners LLC purchased a new position in shares of CMS Energy in the 2nd quarter valued at about $363,388,000. Pictet Asset Management Holding SA grew its position in shares of CMS Energy by 16.7% during the first quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock worth $323,262,000 after buying an additional 595,564 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of CMS Energy during the fourth quarter worth about $316,057,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Down 0.5%

CMS opened at $66.79 on Tuesday. The business’s 50-day simple moving average is $71.25 and its 200-day simple moving average is $74.05. 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 Corporation has a one year low of $66.58 and a one year high of $80.36. The stock has a market capitalization of $20.94 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 2.46 and a beta of 0.34.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. CMS Energy’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 7th. CMS Energy’s payout ratio is 68.47%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CMS shares. Mizuho cut their target price on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Weiss Ratings downgraded shares of CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective 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. Finally, Barclays lifted 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. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

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.