Cibc World Market Inc. Invests $3.84 Million in CMS Energy Corporation $CMS

Cibc World Market Inc. bought a new position in shares of CMS Energy Corporation (NYSE:CMS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 50,179 shares of the utilities provider’s stock, valued at approximately $3,839,000.

Several other large investors have also recently bought and sold shares of the stock. Bison Wealth LLC bought a new stake in CMS Energy in the 4th quarter valued at $312,000. Integrated Wealth Concepts LLC bought a new position in shares of CMS Energy during the 1st quarter worth about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 purchasing an additional 3,367 shares during the period. Empowered Funds LLC raised its position in shares of CMS Energy by 22.0% during the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock valued at $510,000 after buying an additional 1,226 shares during the last quarter. Finally, Woodline Partners LP raised its position in shares of CMS Energy by 40.7% during the first quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after buying an additional 7,300 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Performance

NYSE:CMS opened at $69.25 on Thursday. The firm has a market capitalization of $21.72 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.49 and a beta of 0.35. 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 12-month low of $67.90 and a 12-month high of $80.36. The firm has a 50-day moving average price of $73.37 and a 200 day moving average price of $74.71.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating 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 last year, the business earned $0.71 earnings per share. The business’s revenue was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Research analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CMS shares. Barclays lifted their target price on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Jefferies Financial Group set a $78.00 price objective on CMS Energy in a research report on Thursday, July 16th. Truist Financial lowered their price objective on CMS Energy from $85.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, BMO Capital Markets raised their target price on CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.69.

About CMS Energy

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.