Legal & General Group Plc Takes $189.37 Million Position in CMS Energy Corporation $CMS

Legal & General Group Plc bought a new position in CMS Energy Corporation (NYSE:CMS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,475,430 shares of the utilities provider’s stock, valued at approximately $189,370,000. Legal & General Group Plc owned about 0.79% of CMS Energy at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. grew its holdings in CMS Energy by 2.3% in the 4th quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock valued at $92,529,000 after buying an additional 30,000 shares during the last quarter. Vanguard Group Inc. raised its stake in CMS Energy by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after acquiring an additional 1,501,991 shares in the last quarter. RIA Advisory Group LLC bought a new position in CMS Energy during the 4th quarter valued at about $974,000. Capital Innovations LLC bought a new stake in CMS Energy during the fourth quarter worth about $1,652,000. Finally, US Bancorp DE increased its holdings in CMS Energy by 64.9% during the 4th quarter. US Bancorp DE now owns 365,442 shares of the utilities provider’s stock valued at $25,555,000 after purchasing an additional 143,881 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMS has been the subject of several research analyst reports. Mizuho dropped their price objective on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Morgan Stanley reduced their price target on shares of CMS Energy from $80.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Argus restated a “buy” rating and set a $80.00 target price on shares of CMS Energy in a report on Wednesday. Truist Financial decreased their price target 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. Finally, Barclays upped their target price on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.69.

CMS Energy Stock Performance

CMS Energy stock opened at $69.25 on Thursday. The business’s 50-day moving average price is $73.37 and its two-hundred day moving average price is $74.71. The stock has a market cap of $21.72 billion, a PE ratio of 20.80, a P/E/G ratio of 2.49 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 quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.83 billion during 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%.The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s payout ratio 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.