179,008 Shares in CMS Energy Corporation $CMS Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of CMS Energy Corporation (NYSE:CMS) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 179,008 shares of the utilities provider’s stock, valued at approximately $13,694,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of CMS Energy by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock valued at $579,902,000 after acquiring an additional 183,589 shares during the period. GQG Partners LLC bought a new position in shares of CMS Energy in the second quarter worth $363,388,000. Norges Bank acquired a new position in CMS Energy in the fourth quarter valued at about $316,057,000. Pictet Asset Management Holding SA raised its stake 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 in the last quarter. Finally, FIL Ltd lifted its position in CMS Energy by 1.7% during the fourth quarter. FIL Ltd now owns 3,012,486 shares of the utilities provider’s stock worth $210,663,000 after purchasing an additional 49,134 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMS has been the topic of a number of analyst reports. KeyCorp downgraded shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. UBS Group reaffirmed a “neutral” rating and set a $84.00 price target on shares of CMS Energy in a report on Wednesday, July 29th. 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 research report on Monday, July 20th. Truist Financial decreased their price objective on shares of CMS Energy from $85.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group set a $78.00 price objective on shares of CMS Energy in a research report on Thursday, July 16th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.69.

CMS Energy Price Performance

Shares of NYSE CMS opened at $68.21 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.47 and a beta of 0.35. CMS Energy Corporation has a 12 month low of $67.90 and a 12 month high of $80.36. The stock has a 50-day moving average price of $73.16 and a two-hundred day moving average price of $74.65.

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

CMS Energy Dividend Announcement

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

CMS Energy Company 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.