CMS Energy Corporation $CMS Stock Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC raised its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 484.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 24,652 shares of the utilities provider’s stock after buying an additional 20,437 shares during the quarter. Sowell Financial Services LLC’s holdings in CMS Energy were worth $1,555,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CMS. Physician Wealth Advisors Inc. increased its stake in CMS Energy by 422.3% in the third quarter. Physician Wealth Advisors Inc. now owns 2,998 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 2,424 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of CMS Energy by 155.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 411,751 shares of the utilities provider’s stock valued at $25,973,000 after buying an additional 250,613 shares during the last quarter. Diversify Advisory Services LLC grew its position in shares of CMS Energy by 174.5% in the 3rd quarter. Diversify Advisory Services LLC now owns 11,571 shares of the utilities provider’s stock valued at $730,000 after buying an additional 7,356 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of CMS Energy by 769.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 433,532 shares of the utilities provider’s stock valued at $27,347,000 after buying an additional 383,681 shares during the last quarter. Finally, First Bank & Trust acquired a new stake in CMS Energy during the 3rd quarter worth $2,064,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Down 0.9%

CMS stock opened at $69.64 on Friday. The company has a fifty day moving average price of $66.87 and a 200 day moving average price of $71.74. CMS Energy Corporation has a 12 month low of $62.28 and a 12 month high of $80.36. The company has a market cap of $21.84 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.57 and a beta of 0.32. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67.

CMS Energy (NYSE:CMS) last issued 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 net margin of 11.64% and a return on equity of 10.76%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business earned $0.71 EPS. CMS Energy’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. Sell-side analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of research reports. Weiss Ratings cut shares of CMS Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. UBS Group reaffirmed a “neutral” rating and set a $84.00 price objective on shares of CMS Energy in a report on Wednesday, July 29th. Wall Street Zen raised CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. KeyCorp cut CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Finally, Truist Financial reduced their target price on CMS Energy from $81.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.76.

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.