Hsbc Holdings PLC Makes New Investment in CMS Energy Corporation $CMS

Hsbc Holdings PLC bought a new position in CMS Energy Corporation (NYSE:CMS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,191,547 shares of the utilities provider’s stock, valued at approximately $91,344,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of CMS Energy by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after purchasing an additional 1,501,991 shares in the last quarter. Geode Capital Management LLC grew its position in CMS Energy by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock worth $579,902,000 after purchasing an additional 183,589 shares in the last quarter. GQG Partners LLC bought a new stake in CMS Energy in the 2nd quarter worth about $363,388,000. Norges Bank purchased a new stake in CMS Energy in the 4th quarter valued at about $316,057,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of CMS Energy by 16.7% during 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 buying an additional 595,564 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley cut their target price on 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. Weiss Ratings downgraded CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. 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, Truist Financial reduced their price objective on CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and a consensus target price of $81.69.

CMS Energy Stock Performance

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

CMS Energy (NYSE:CMS) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share 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 firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $0.71 EPS. The company’s 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. As a group, equities analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s dividend payout ratio is 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.