Van ECK Associates Corp Acquires 11,454 Shares of CMS Energy Corporation $CMS

Van ECK Associates Corp lifted its stake in CMS Energy Corporation (NYSE:CMS) by 6.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 190,023 shares of the utilities provider’s stock after buying an additional 11,454 shares during the period. Van ECK Associates Corp’s holdings in CMS Energy were worth $14,537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMS. Quadrant Capital Group LLC boosted its holdings in CMS Energy by 3.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider’s stock valued at $298,000 after acquiring an additional 137 shares during the period. Hantz Financial Services Inc. increased its stake in CMS Energy by 1.5% in the 4th quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock worth $662,000 after purchasing an additional 143 shares during the period. Florida Financial Advisors LLC lifted its position in CMS Energy by 4.9% in the fourth quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 149 shares during the last quarter. Cim LLC lifted its position in CMS Energy by 0.8% in the third quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock valued at $1,395,000 after purchasing an additional 152 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in shares of CMS Energy by 0.9% during the third quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider’s stock valued at $1,338,000 after purchasing an additional 156 shares during the period. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMS. BMO Capital Markets raised their target price on shares of CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Argus reissued a “buy” rating and issued a $80.00 price target on shares of CMS Energy in a report on Wednesday, August 26th. Mizuho lowered their price objective on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings lowered shares of CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley cut their target price on CMS Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.69.

CMS Energy Trading Down 0.1%

NYSE CMS opened at $68.16 on Tuesday. The firm has a market capitalization of $21.37 billion, a PE ratio of 20.47, a P/E/G ratio of 2.47 and a beta of 0.35. The stock’s 50 day moving average is $73.04 and its 200 day moving average is $74.61. CMS Energy Corporation has a twelve month low of $67.47 and a twelve month high of $80.36. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping 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 return on equity of 10.76% and a net margin of 11.64%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Research analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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

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.