The Manufacturers Life Insurance Company Makes New $15.61 Million Investment in CMS Energy Corporation $CMS

The Manufacturers Life Insurance Company purchased a new position in shares of CMS Energy Corporation (NYSE:CMS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 204,080 shares of the utilities provider’s stock, valued at approximately $15,612,000. The Manufacturers Life Insurance Company owned about 0.07% of CMS Energy as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bison Wealth LLC acquired a new stake in shares of CMS Energy during the fourth quarter worth $312,000. Integrated Wealth Concepts LLC purchased a new position in CMS Energy in the 1st quarter worth $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CMS Energy by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock worth $2,602,000 after acquiring an additional 3,367 shares during the period. Empowered Funds LLC lifted its position in CMS Energy by 22.0% during the 1st quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after acquiring an additional 1,226 shares during the period. Finally, Woodline Partners LP grew its stake in CMS Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after purchasing an additional 7,300 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMS. 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 report on Thursday, July 16th. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. BMO Capital Markets increased their price target on shares of CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Argus reissued a “buy” rating and set a $80.00 price target on shares of CMS Energy in a research report on Wednesday. Finally, Jefferies Financial Group set a $78.00 price objective on shares of CMS Energy in a research note on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average target price of $81.69.

CMS Energy Stock Performance

Shares of CMS stock opened at $68.21 on Friday. The stock has a market cap of $21.39 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.48 and a beta of 0.35. The business has a 50-day simple moving average of $73.16 and a 200-day simple moving average of $74.63. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. CMS Energy Corporation has a 52-week low of $67.90 and a 52-week high of $80.36.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.CMS Energy’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, equities analysts expect that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is presently 68.47%.

CMS Energy Profile

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.