CMS Energy Corporation $CMS Stock Position Raised by Sumitomo Mitsui DS Asset Management Company Ltd

by · The Markets Daily

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in CMS Energy Corporation (NYSE:CMS – Free Report) by 769.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,532 shares of the utilities provider’s stock after acquiring an additional 383,681 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CMS Energy were worth $27,347,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CMS. GQG Partners LLC acquired a new position in CMS Energy during the second quarter worth $363,388,000. Pictet Asset Management Holding SA grew its holdings in 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 purchasing an additional 595,564 shares during the last quarter. Magellan Asset Management Ltd purchased a new position in shares of CMS Energy in the second quarter valued at $194,237,000. Legal & General Group Plc purchased a new position in shares of CMS Energy in the second quarter valued at $189,370,000. Finally, Dimensional Fund Advisors LP increased its position in shares of CMS Energy by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock valued at $122,657,000 after buying an additional 50,475 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMS has been the subject of several research reports. Mizuho cut their price target on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Capital One Financial set a $73.00 price objective on shares of CMS Energy in a research note on Tuesday, October 6th. Scotiabank restated a “sector outperform” rating and set a $78.00 target price on shares of CMS Energy in a report on Thursday, October 1st. Barclays cut their target price on shares of CMS Energy from $81.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Royal Bank Of Canada set a $73.00 target price on shares of CMS Energy in a research report on Tuesday, October 6th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.56.

View Our Latest Analysis on CMS Energy

CMS Energy Price Performance

Shares of NYSE:CMS opened at $67.34 on Tuesday. 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’s fifty day moving average price is $66.97 and its two-hundred day moving average price is $71.95. The stock has a market cap of $21.12 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.51 and a beta of 0.32. CMS Energy Corporation has a one year low of $62.28 and a one year high of $80.36.

CMS Energy (NYSE:CMS – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. The company 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 firm posted $0.71 earnings per share. The business’s revenue for the quarter 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, analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, November 6th. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.

About CMS Energy

(Free Report)

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.

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