Summit Global Investments Takes Position in CMS Energy Corporation $CMS

Summit Global Investments bought a new stake in CMS Energy Corporation (NYSE:CMS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 34,813 shares of the utilities provider’s stock, valued at approximately $2,663,000.

A number of other institutional investors have also added to or reduced their stakes in CMS. Tema ETFs LLC increased its stake in CMS Energy by 8.9% during the second quarter. Tema ETFs LLC now owns 3,532 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 290 shares during the period. Fulton Bank N.A. lifted its position in shares of CMS Energy by 9.0% in the 2nd quarter. Fulton Bank N.A. now owns 6,337 shares of the utilities provider’s stock worth $485,000 after acquiring an additional 524 shares during the period. Everpar Advisors LLC bought a new stake in shares of CMS Energy in the 2nd quarter worth approximately $375,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of CMS Energy by 8.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 53,371 shares of the utilities provider’s stock worth $4,083,000 after purchasing an additional 4,297 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of CMS Energy by 5.4% during the 2nd quarter. Czech National Bank now owns 87,930 shares of the utilities provider’s stock worth $6,727,000 after purchasing an additional 4,478 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Performance

NYSE:CMS opened at $71.11 on Friday. CMS Energy Corporation has a 1 year low of $68.64 and a 1 year high of $80.36. The firm has a 50 day moving average of $73.89 and a 200-day moving average of $74.79. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $22.30 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 2.55 and a beta of 0.35.

CMS Energy (NYSE:CMS) last announced its 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. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.CMS Energy’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, sell-side 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 will be paid on Tuesday, September 1st. Shareholders 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 dividend on an annualized basis and a yield of 3.2%. CMS Energy’s payout ratio is currently 68.47%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the transaction, the senior vice president owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CMS shares. KeyCorp cut CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Jefferies Financial Group set a $78.00 target price on CMS Energy in a research report on Thursday, July 16th. Morgan Stanley set a $77.00 price target on shares of CMS Energy in a research note on Thursday, May 21st. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Finally, Bank of America increased their price objective on shares of CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.67.

CMS Energy 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.