Legal & General Group Plc Takes $189.37 Million Position in CMS Energy Corporation $CMS

Legal & General Group Plc bought a new position in shares of CMS Energy Corporation (NYSE:CMS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,475,430 shares of the utilities provider’s stock, valued at approximately $189,370,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bison Wealth LLC bought a new position in shares of CMS Energy in the 4th quarter worth about $312,000. Integrated Wealth Concepts LLC bought a new stake in shares of CMS Energy during the 1st quarter valued at about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of CMS Energy by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock valued at $2,602,000 after purchasing an additional 3,367 shares in the last quarter. Empowered Funds LLC grew its stake in CMS Energy by 22.0% during the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after purchasing an additional 1,226 shares during the period. Finally, Woodline Partners LP grew its stake in CMS Energy by 40.7% during the first quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock worth $1,896,000 after purchasing an additional 7,300 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Jefferies Financial Group set a $78.00 price target on CMS Energy in a research note on Thursday, July 16th. KeyCorp downgraded shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. UBS Group reiterated a “neutral” rating and issued a $84.00 price objective on shares of CMS Energy in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Finally, Morgan Stanley cut their target price on shares of CMS Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average target price of $81.69.

CMS Energy Stock Up 0.7%

Shares of NYSE:CMS opened at $69.25 on Thursday. The business’s 50 day simple moving average is $73.37 and its two-hundred day simple moving average is $74.71. The firm has a market cap of $21.72 billion, a P/E ratio of 20.80, a PEG ratio of 2.49 and a beta of 0.35. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. CMS Energy Corporation has a 52-week low of $67.90 and a 52-week high of $80.36.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 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 firm 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 company posted $0.71 earnings per share. The company’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. As a group, research analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

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

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.