Sowell Financial Services LLC Purchases 20,437 Shares of CMS Energy Corporation $CMS

Sowell Financial Services LLC raised its position in shares of CMS Energy Corporation (NYSE:CMS) by 484.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,652 shares of the utilities provider’s stock after buying an additional 20,437 shares during the period. Sowell Financial Services LLC’s holdings in CMS Energy were worth $1,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. GQG Partners LLC purchased a new position in CMS Energy during the 2nd quarter valued at about $363,388,000. Pictet Asset Management Holding SA grew its position in CMS Energy by 16.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after acquiring an additional 595,564 shares in the last quarter. Magellan Asset Management Ltd purchased a new stake in CMS Energy during the second quarter worth about $194,237,000. Legal & General Group Plc purchased a new stake in CMS Energy during the second quarter worth about $189,370,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of CMS Energy by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock worth $122,657,000 after purchasing an additional 50,475 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Down 0.9%

CMS stock opened at $69.64 on Friday. The company’s 50 day moving average price is $66.87 and its 200 day moving average price is $71.74. 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 $62.28 and a fifty-two week high of $80.36. The firm has a market capitalization of $21.84 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.57 and a beta of 0.32.

CMS Energy (NYSE:CMS) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $0.71 earnings per share. The firm’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. On average, equities research analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

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

Analysts Set New Price Targets

CMS has been the subject of several recent research reports. Truist Financial lowered their price objective on shares of CMS Energy from $81.00 to $77.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Mizuho reduced their target price on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. HSBC started coverage on shares of CMS Energy in a research note on Thursday. They issued a “hold” rating and a $69.00 price target for the company. KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, CMS Energy presently has an average rating of “Hold” and an average target price of $77.76.

About CMS Energy

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.