CMS Energy Corporation $CMS Stock: Wedbush Securities Inc. Boosts Holdings

Wedbush Securities Inc. increased its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 69.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,713 shares of the utilities provider’s stock after buying an additional 14,583 shares during the quarter. Wedbush Securities Inc.’s holdings in CMS Energy were worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Monday, October 19th. Weiss Ratings lowered shares of CMS Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada set a $73.00 price target on shares of CMS Energy in a report on Tuesday, October 6th. Truist Financial reduced 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. Finally, KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $77.76.

CMS Energy Stock Down 0.9%

CMS opened at $69.64 on Friday. The firm has a market cap of $21.84 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 2.54 and a beta of 0.32. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. The business 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 twelve month low of $62.28 and a twelve month high of $80.36.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating 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 company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s quarterly 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. Research analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

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

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.