CMS Energy Corporation $CMS Stock: TD Waterhouse Canada Inc. Raises Stake

TD Waterhouse Canada Inc. boosted its stake in CMS Energy Corporation (NYSE:CMS) by 928.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,173 shares of the utilities provider’s stock after purchasing an additional 29,946 shares during the period. TD Waterhouse Canada Inc.’s holdings in CMS Energy were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Banque Pictet & Cie SA acquired a new position in shares of CMS Energy during the third quarter valued at $3,051,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of CMS Energy in the 3rd quarter worth about $30,000. V Square Quantitative Management LLC increased its holdings in shares of CMS Energy by 9.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 12,621 shares of the utilities provider’s stock worth $796,000 after acquiring an additional 1,061 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of CMS Energy by 84.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 954,487 shares of the utilities provider’s stock worth $64,008,000 after acquiring an additional 436,250 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in CMS Energy by 1,866.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 595,253 shares of the utilities provider’s stock valued at $37,549,000 after purchasing an additional 564,984 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Key CMS Energy News

Here are the key news stories impacting CMS Energy this week:

• Positive Sentiment: CMS Energy declared a quarterly dividend of $0.57 per share, payable December 1 to shareholders of record November 6. The annualized dividend is $2.28 per share, representing an indicated yield of approximately 3.3%. CMS Energy Declares Quarterly Dividend
• Positive Sentiment: Analysts expect CMS Energy’s upcoming earnings to benefit from conditions that could support a results beat, potentially improving sentiment if the company exceeds expectations. CMS Energy Earnings Expected to Grow
• Neutral Sentiment: CMS Energy recently traded near $68.14, below its 200-day moving average of $71.81 but above its 50-day average of $66.91. Its valuation and defensive utility profile may appeal to income-focused investors, while leverage remains elevated with a debt-to-equity ratio of 1.81.
• Negative Sentiment: Morgan Stanley lowered its CMS Energy price target from $77 to $73 and assigned an “equal weight” rating. Although the new target implies roughly 7.1% upside, the reduction signals less near-term appreciation potential and was likely the primary source of pressure on the stock. Morgan Stanley Adjusts CMS Energy Price Target
• Negative Sentiment: CMS Energy underperformed some utility-sector peers in the latest session, suggesting investors may be favoring competing utilities or expressing caution toward the company specifically. CMS Energy Underperforms Competitors

CMS Energy Trading Down 0.4%

NYSE:CMS opened at $68.14 on Thursday. CMS Energy Corporation has a 1 year low of $62.28 and a 1 year high of $80.36. The stock has a market cap of $21.37 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.50 and a beta of 0.32. The business has a fifty day moving average of $66.91 and a 200-day moving average of $71.81. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 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 for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $0.71 earnings per share. The company’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. Equities analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMS. JPMorgan Chase & Co. boosted their target price on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Royal Bank Of Canada set a $73.00 target price on shares of CMS Energy in a research report on Tuesday, October 6th. BMO Capital Markets raised their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Monday. Wall Street Zen raised CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Finally, Truist Financial reduced their price objective on CMS Energy from $81.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $78.31.

CMS Energy Company 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.