Westpac Banking Corp Acquires New Stake in CMS Energy Corporation $CMS

Westpac Banking Corp acquired a new position in shares of CMS Energy Corporation (NYSE:CMS) in the first quarter, HoldingsChannel reports. The firm acquired 18,343 shares of the utilities provider’s stock, valued at approximately $1,423,000.

Other institutional investors have also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. boosted its position in CMS Energy by 2.3% during the fourth quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock worth $92,529,000 after acquiring an additional 30,000 shares during the last quarter. Vanguard Group Inc. grew its stake in CMS Energy by 3.8% in the 4th 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 during the period. Aberdeen Group plc raised its holdings in CMS Energy by 14.5% in the 4th quarter. Aberdeen Group plc now owns 877,487 shares of the utilities provider’s stock valued at $61,363,000 after acquiring an additional 111,075 shares during the last quarter. RIA Advisory Group LLC acquired a new position in CMS Energy in the 4th quarter valued at $974,000. Finally, Capital Innovations LLC purchased a new position in shares of CMS Energy during the 4th quarter worth $1,652,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

NYSE:CMS opened at $73.97 on Thursday. The company has a market cap of $22.85 billion, a P/E ratio of 20.43, a P/E/G ratio of 2.62 and a beta of 0.35. The firm’s 50 day moving average is $74.13 and its two-hundred day moving average is $74.66. CMS Energy Corporation has a fifty-two week low of $68.64 and a fifty-two week high of $80.36. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Analysts expect that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s payout ratio is 62.98%.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the sale, the senior vice president directly owned 67,111 shares in the company, valued at $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CMS shares. Jefferies Financial Group set a $78.00 price objective on CMS Energy in a report on Thursday, July 16th. Wells Fargo & Company set a $80.00 target price on CMS Energy in a research note on Tuesday, April 21st. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Bank of America raised their price target on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Truist Financial lowered their price target on CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a report on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $81.33.

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.