National Pension Service Buys 17,290 Shares of CMS Energy Corporation $CMS

National Pension Service lifted its stake in shares of CMS Energy Corporation (NYSE:CMS) by 69.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 42,256 shares of the utilities provider’s stock after purchasing an additional 17,290 shares during the quarter. National Pension Service’s holdings in CMS Energy were worth $3,233,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. California State Teachers Retirement System grew its position 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 acquiring an additional 27,038,586 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CMS Energy by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock valued at $579,902,000 after purchasing an additional 183,589 shares in the last quarter. GQG Partners LLC bought a new stake in shares of CMS Energy during the second quarter worth about $363,388,000. Norges Bank acquired a new position in shares of CMS Energy in the fourth quarter valued at approximately $316,057,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of CMS Energy by 16.7% in the first quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after buying an additional 595,564 shares during the period. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Performance

NYSE:CMS opened at $67.18 on Monday. 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 fifty-two week low of $67.00 and a fifty-two week high of $80.36. The company has a 50 day simple moving average of $71.44 and a two-hundred day simple moving average of $74.12. The company has a market capitalization of $21.07 billion, a PE ratio of 20.17, a P/E/G ratio of 2.46 and a beta of 0.34.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results 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. 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 the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Research analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. KeyCorp downgraded shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. Argus reiterated a “buy” rating and set a $80.00 price target on shares of CMS Energy in a report on Wednesday, August 26th. Jefferies Financial Group set a $78.00 price objective on CMS Energy in a report on Thursday, July 16th. Finally, Morgan Stanley lowered their target price on CMS Energy from $80.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

About CMS Energy

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.