CMS Energy Corporation $CMS Stock Bought by Sterling Capital Management LLC

Sterling Capital Management LLC raised its position in shares of CMS Energy Corporation (NYSE:CMS) by 704.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,396 shares of the utilities provider’s stock after purchasing an additional 65,148 shares during the quarter. Sterling Capital Management LLC’s holdings in CMS Energy were worth $4,693,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CMS. GQG Partners LLC purchased a new position in shares of CMS Energy in the second quarter worth about $363,388,000. Magellan Asset Management Ltd purchased a new stake in CMS Energy in the second quarter valued at approximately $194,237,000. Legal & General Group Plc acquired a new position in CMS Energy in the 2nd quarter worth approximately $189,370,000. Hsbc Holdings PLC acquired a new position in CMS Energy in the 2nd quarter worth approximately $91,344,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CMS Energy in the 2nd quarter worth approximately $58,830,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Price Performance

NYSE:CMS opened at $69.64 on Friday. 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 firm has a market cap of $21.84 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.54 and a beta of 0.32. The company has a 50 day moving average price of $66.87 and a 200-day moving average price of $71.74. CMS Energy Corporation has a 1-year low of $62.28 and a 1-year high of $80.36.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the business posted $0.71 EPS. The business’s revenue was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Equities research analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be given a $0.57 dividend. The ex-dividend date is Friday, November 6th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio is 68.47%.

Analysts Set New Price Targets

Several brokerages have commented on CMS. KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. BMO Capital Markets upped their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Monday, October 19th. HSBC initiated coverage on shares of CMS Energy in a research note on Thursday. They issued a “hold” rating and a $69.00 price objective on the stock. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Finally, Weiss Ratings downgraded shares of CMS Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, CMS Energy has an average rating of “Hold” and an average price target of $77.76.

CMS Energy Profile

CMS Energy Corporation is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.