Magellan Asset Management Ltd Makes New $194.24 Million Investment in CMS Energy Corporation $CMS

Magellan Asset Management Ltd acquired a new stake in shares of CMS Energy Corporation (NYSE:CMS) during the second quarter, Holdings Channel.com reports. The firm acquired 2,539,050 shares of the utilities provider’s stock, valued at approximately $194,237,000. CMS Energy comprises about 4.3% of Magellan Asset Management Ltd’s portfolio, making the stock its 6th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Nova Scotia purchased a new stake in shares of CMS Energy in the second quarter valued at approximately $49,276,000. Daiichi Life Insurance Co. Ltd. bought a new position in shares of CMS Energy during the 2nd quarter worth $5,173,000. Commerce Bank purchased a new position in shares of CMS Energy during the second quarter valued at $650,000. GQG Partners LLC bought a new stake in shares of CMS Energy in the second quarter valued at about $363,388,000. Finally, Farringdon Capital Ltd. purchased a new stake in CMS Energy in the second quarter worth about $428,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS stock opened at $68.41 on Monday. The business has a fifty day moving average of $73.65 and a 200 day moving average of $74.78. The firm has a market capitalization of $21.45 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.47 and a beta of 0.35. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. CMS Energy Corporation has a 1 year low of $68.25 and a 1 year high of $80.36.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid 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 3.3%. CMS Energy’s dividend payout ratio is 68.47%.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy 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 directly owned 67,111 shares in the company, valued at $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Weiss Ratings lowered CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. KeyCorp lowered shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. Finally, Barclays raised their target price 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. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $81.83.

About CMS Energy

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.