Saudi Central Bank Grows Stake in CMS Energy Corporation $CMS

Saudi Central Bank boosted its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 91.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,560 shares of the utilities provider’s stock after buying an additional 10,327 shares during the period. Saudi Central Bank’s holdings in CMS Energy were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. iA Global Asset Management Inc. grew its stake in shares of CMS Energy by 2.3% in the fourth quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock valued at $92,529,000 after buying an additional 30,000 shares in the last quarter. Capital Innovations LLC purchased a new stake in CMS Energy during the fourth quarter worth about $1,652,000. Assenagon Asset Management S.A. increased its stake in CMS Energy by 10,463.3% during the second quarter. Assenagon Asset Management S.A. now owns 518,237 shares of the utilities provider’s stock worth $39,645,000 after purchasing an additional 513,331 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of CMS Energy by 28.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,324 shares of the utilities provider’s stock worth $79,389,000 after purchasing an additional 227,795 shares in the last quarter. Finally, ING Groep NV boosted its stake in shares of CMS Energy by 97.7% in the fourth quarter. ING Groep NV now owns 1,263,429 shares of the utilities provider’s stock valued at $88,352,000 after purchasing an additional 624,232 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Morgan Stanley reduced their price target on CMS Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Jefferies Financial Group set a $78.00 target price on shares of CMS Energy in a report on Thursday, July 16th. Truist Financial lowered their price target on shares of CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. UBS Group reissued a “neutral” rating and issued a $84.00 price objective on shares of CMS Energy in a research report on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

CMS Energy Price Performance

Shares of NYSE CMS opened at $68.90 on Wednesday. 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 cap of $21.61 billion, a PE ratio of 20.69, a P/E/G ratio of 2.50 and a beta of 0.34. The stock has a fifty day moving average price of $72.00 and a 200 day moving average price of $74.30. CMS Energy Corporation has a 1-year low of $67.19 and a 1-year high of $80.36.

CMS Energy (NYSE:CMS) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm posted $0.71 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Sell-side analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

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

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.