CMS Energy Corporation $CMS Stock Holdings Lifted by First Pacific Financial

First Pacific Financial increased its stake in CMS Energy Corporation (NYSE:CMS) by 14,974.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,627 shares of the utilities provider’s stock after buying an additional 25,457 shares during the period. First Pacific Financial’s holdings in CMS Energy were worth $1,617,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GQG Partners LLC purchased a new stake in CMS Energy in the 2nd quarter valued at about $363,388,000. Pictet Asset Management Holding SA grew its stake in CMS Energy by 16.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock worth $323,262,000 after acquiring an additional 595,564 shares in the last quarter. Magellan Asset Management Ltd purchased a new position in shares of CMS Energy during the second quarter worth approximately $194,237,000. Legal & General Group Plc purchased a new position in shares of CMS Energy during the second quarter worth approximately $189,370,000. Finally, Dimensional Fund Advisors LP increased its position in shares of CMS Energy by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock worth $122,657,000 after acquiring an additional 50,475 shares during the period. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMS. Truist Financial lowered their price target on CMS Energy from $81.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday. Weiss Ratings cut CMS Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. UBS Group restated a “neutral” rating and set a $84.00 price objective on shares of CMS Energy in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Barclays lifted their target price on CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average target price of $78.94.

CMS Energy Stock Up 0.7%

NYSE:CMS opened at $66.78 on Thursday. 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 $62.28 and a 1-year high of $80.36. The company has a 50-day moving average of $67.13 and a 200 day moving average of $72.15. The firm has a market cap of $20.94 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.42 and a beta of 0.32.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $0.71 EPS. The company’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. As a group, research analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were paid a dividend of $0.57 per share. The ex-dividend date was Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.4%. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.

About CMS Energy

CMS Energy Corporation (NYSE: CMS) is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers across Michigan.

Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.