CMS Energy Corporation $CMS Stock Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in shares of CMS Energy Corporation (NYSE:CMS) by 1,866.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 595,253 shares of the utilities provider’s stock after purchasing an additional 564,984 shares during the period. State of Alaska Department of Revenue owned approximately 0.19% of CMS Energy worth $37,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nvwm LLC boosted its position in shares of CMS Energy by 147,210.0% in the third quarter. Nvwm LLC now owns 14,731 shares of the utilities provider’s stock valued at $929,000 after acquiring an additional 14,721 shares during the period. Mather Group LLC. increased its position in CMS Energy by 12.5% during the third quarter. Mather Group LLC. now owns 20,409 shares of the utilities provider’s stock worth $1,287,000 after acquiring an additional 2,267 shares during the period. First Pacific Financial increased its position in CMS Energy by 14,974.7% during the third quarter. First Pacific Financial now owns 25,627 shares of the utilities provider’s stock worth $1,617,000 after acquiring an additional 25,457 shares during the period. Krilogy Financial LLC bought a new position in CMS Energy during the third quarter worth about $1,005,000. Finally, NorthCrest Asset Manangement LLC raised its stake in CMS Energy by 395.5% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,447 shares of the utilities provider’s stock worth $848,000 after purchasing an additional 10,733 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Price Performance

CMS Energy stock traded up $0.49 during trading hours on Thursday, reaching $67.31. 1,823,164 shares of the stock were exchanged, compared to its average volume of 3,314,228. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. CMS Energy Corporation has a twelve month low of $62.28 and a twelve month high of $80.36. The company has a market cap of $21.11 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 2.42 and a beta of 0.32. The stock has a 50 day moving average of $67.13 and a two-hundred day moving average of $72.15.

CMS Energy (NYSE:CMS) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. 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 company earned $0.71 EPS. 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. Equities analysts expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 7th. CMS Energy’s payout ratio is currently 68.47%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BMO Capital Markets decreased their target price on shares of CMS Energy from $77.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Mizuho dropped their price target on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Scotiabank reiterated a “sector outperform” rating and issued a $78.00 price target on shares of CMS Energy in a research report on Thursday, October 1st. Morgan Stanley cut their price target on CMS Energy from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Finally, Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

CMS Energy Profile

CMS Energy Corporation (NYSE: CMS) 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 across Michigan.

Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.