Reaves W H & Co. Inc. Has $157.44 Million Position in CMS Energy Corporation $CMS

Reaves W H & Co. Inc. lifted its holdings in CMS Energy Corporation (NYSE:CMS) by 14.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,149,018 shares of the utilities provider’s stock after acquiring an additional 276,476 shares during the quarter. CMS Energy comprises about 2.8% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 13th largest position. Reaves W H & Co. Inc.’s holdings in CMS Energy were worth $157,437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CMS. HM Payson & Co. lifted its stake in CMS Energy by 65.6% in the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 141 shares in the last quarter. First Horizon Corp purchased a new stake in shares of CMS Energy in the third quarter worth approximately $26,000. Covestor Ltd boosted its holdings in shares of CMS Energy by 52.0% during the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 145 shares during the period. Tobam grew its position in CMS Energy by 35.0% during the second quarter. Tobam now owns 559 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 145 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in CMS Energy in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $72.82 on Tuesday. The business’s 50-day simple moving average is $70.80 and its 200-day simple moving average is $72.21. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.60 and a current ratio of 1.34. CMS Energy Corporation has a 52 week low of $67.71 and a 52 week high of $76.45. The firm has a market cap of $22.16 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 2.59 and a beta of 0.47.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, equities research analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.54. CMS Energy’s dividend payout ratio (DPR) is presently 61.47%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMS. Wells Fargo & Company decreased their target price on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Wolfe Research set a $82.00 price objective on CMS Energy in a research report on Friday, January 30th. Morgan Stanley upped their target price on CMS Energy from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, January 21st. Finally, Wall Street Zen raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $78.43.

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.