769,025 Shares in CMS Energy Corporation $CMS Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CMS Energy Corporation (NYSE:CMS) in the second quarter, HoldingsChannel reports. The fund bought 769,025 shares of the utilities provider’s stock, valued at approximately $58,830,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of CMS Energy by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after buying an additional 1,501,991 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CMS Energy by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock valued at $579,902,000 after acquiring an additional 183,589 shares during the last quarter. Norges Bank acquired a new stake in shares of CMS Energy in the fourth quarter valued at about $316,057,000. Pictet Asset Management Holding SA raised its holdings in CMS Energy by 16.7% during the first quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock worth $323,262,000 after acquiring an additional 595,564 shares in the last quarter. Finally, FIL Ltd raised its holdings in CMS Energy by 1.7% during the fourth quarter. FIL Ltd now owns 3,012,486 shares of the utilities provider’s stock worth $210,663,000 after acquiring an additional 49,134 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Mizuho decreased their price target on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Barclays upped their price objective on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Morgan Stanley set a $77.00 price objective on CMS Energy in a report on Thursday, May 21st. Finally, Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. Six 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 has an average rating of “Moderate Buy” and an average price target of $81.67.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $70.63 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $22.15 billion, a P/E ratio of 21.21, a P/E/G ratio of 2.57 and a beta of 0.35. CMS Energy Corporation has a 12 month low of $68.64 and a 12 month high of $80.36. The stock has a 50 day moving average of $73.82 and a 200-day moving average of $74.81.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share 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 business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, equities research analysts predict that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. CMS Energy’s dividend payout ratio is presently 68.47%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the sale, the senior vice president owned 67,111 shares in the company, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by insiders.

CMS Energy 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.