HighTower Advisors LLC Lowers Position in CMS Energy Corporation $CMS

HighTower Advisors LLC trimmed its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 14.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,269 shares of the utilities provider’s stock after selling 15,272 shares during the quarter. HighTower Advisors LLC’s holdings in CMS Energy were worth $7,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kilter Group LLC acquired a new position in CMS Energy in the second quarter valued at about $26,000. Scarborough Advisors LLC purchased a new position in CMS Energy during the first quarter worth about $31,000. Elyxium Wealth LLC acquired a new stake in shares of CMS Energy during the fourth quarter valued at about $29,000. DV Equities LLC acquired a new stake in shares of CMS Energy during the fourth quarter valued at about $29,000. Finally, Trust Co. of Vermont acquired a new position in shares of CMS Energy in the 2nd quarter worth approximately $33,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Price Performance

CMS Energy stock opened at $67.77 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. CMS Energy Corporation has a 52-week low of $67.19 and a 52-week high of $80.36. The firm has a market cap of $21.25 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.49 and a beta of 0.34. The company’s 50 day moving average is $71.65 and its two-hundred day moving average is $74.19.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm posted $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. On average, research analysts expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 7th. CMS Energy’s payout ratio is presently 68.47%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. UBS Group reissued a “neutral” rating and issued a $84.00 target price on shares of CMS Energy in a research report on Wednesday, July 29th. Weiss Ratings cut CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Truist Financial lowered their price target on CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, KeyCorp cut CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

CMS Energy Company Profile

CMS Energy Corporation (NYSE:CMS) is an energy company headquartered in Jackson, Michigan. Its principal subsidiary, Consumers Energy, is a regulated utility that provides electric and natural gas service to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains a diverse energy infrastructure that includes electric generation, transmission and distribution systems, as well as natural gas storage and distribution networks. The company is also investing in renewable energy and other technologies intended to support a cleaner and more reliable energy system, while continuing to serve customers across Michigan’s Lower Peninsula.

CMS Energy traces its history to the Consumers Power Company, which was founded in 1886.