8,978 Shares in CMS Energy Corporation $CMS Bought by Ieq Capital LLC

Ieq Capital LLC bought a new stake in CMS Energy Corporation (NYSE:CMS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,978 shares of the utilities provider’s stock, valued at approximately $687,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kilter Group LLC bought a new position in shares of CMS Energy during the second quarter worth about $26,000. Scarborough Advisors LLC bought a new stake in CMS Energy in the 1st quarter valued at about $31,000. Elyxium Wealth LLC bought a new stake in CMS Energy in the 4th quarter valued at about $29,000. DV Equities LLC acquired a new position in CMS Energy during the 4th quarter valued at about $29,000. Finally, Trust Co. of Vermont acquired a new position in CMS Energy during the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS opened at $68.31 on Friday. The business has a 50 day moving average price of $73.26 and a two-hundred day moving average price of $74.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.51 and a beta of 0.35. CMS Energy Corporation has a 1-year low of $67.90 and a 1-year high of $80.36.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.87 billion. During the same period last year, the firm 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. Research analysts predict that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s payout ratio is presently 68.47%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays raised their price target on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Argus reiterated a “buy” rating and set a $80.00 price objective on shares of CMS Energy in a research report on Wednesday. Wall Street Zen raised CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Truist Financial cut their target price on CMS Energy from $85.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Mizuho reduced their price target on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.69.

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.