Sanctuary Advisors LLC Buys Shares of 39,132 CMS Energy Corporation $CMS

Sanctuary Advisors LLC purchased a new position in shares of CMS Energy Corporation (NYSE:CMS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,132 shares of the utilities provider’s stock, valued at approximately $2,994,000.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of CMS Energy by 3.8% in 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 lifted its holdings in CMS Energy by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock worth $579,902,000 after buying an additional 183,589 shares in the last quarter. GQG Partners LLC purchased a new position in CMS Energy in the 2nd quarter valued at approximately $363,388,000. Norges Bank purchased a new position in CMS Energy in the 4th quarter valued at approximately $316,057,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of CMS Energy by 16.7% in the first 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. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

CMS has been the topic of a number of recent research reports. Weiss Ratings lowered 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 set a $84.00 target price on shares of CMS Energy in a research note on Wednesday, July 29th. Barclays upped their price target on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.83.

CMS Energy Price Performance

Shares of CMS opened at $68.78 on Wednesday. CMS Energy Corporation has a twelve month low of $67.90 and a twelve month high of $80.36. The firm’s fifty day simple moving average is $73.44 and its 200-day simple moving average is $74.74. The firm has a market capitalization of $21.57 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.48 and a beta of 0.35. 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 released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Equities analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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 $0.57 dividend. The ex-dividend date is Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is currently 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.