Jupiter Topco LLC Invests $32.57 Million in CMS Energy Corporation $CMS

Jupiter Topco LLC acquired a new stake 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 SEC. The fund acquired 425,689 shares of the utilities provider’s stock, valued at approximately $32,569,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMS. Kilter Group LLC bought a new stake in CMS Energy during the second quarter valued at about $26,000. Elyxium Wealth LLC bought a new position in shares of CMS Energy in the fourth quarter worth about $29,000. DV Equities LLC purchased a new position in shares of CMS Energy during the 4th quarter valued at about $29,000. MidFirst Bank purchased a new position in shares of CMS Energy during the 4th quarter valued at about $31,000. Finally, Scarborough Advisors LLC bought a new position in shares of CMS Energy during the 1st quarter valued at approximately $31,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Down 0.2%

Shares of CMS opened at $68.21 on Friday. The business’s 50 day moving average is $73.16 and its 200 day moving average is $74.63. The company has a market capitalization of $21.39 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.48 and a beta of 0.35. CMS Energy Corporation has a 12-month low of $67.90 and a 12-month high of $80.36. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping 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 business 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 company posted $0.71 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Research analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s payout ratio is 68.47%.

Wall Street Analysts Forecast Growth

CMS has been the subject of several analyst reports. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Weiss Ratings lowered shares of CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and issued a $84.00 price objective on shares of CMS Energy in a research note on Wednesday, July 29th. Mizuho decreased their price objective on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.69.

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.