Rakuten Investment Management Inc. Makes New Investment in CMS Energy Corporation $CMS

Rakuten Investment Management Inc. acquired a new stake in CMS Energy Corporation (NYSE:CMS) during the second quarter, Holdings Channel.com reports. The fund acquired 50,474 shares of the utilities provider’s stock, valued at approximately $3,933,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GQG Partners LLC acquired a new stake in CMS Energy during the 2nd quarter worth approximately $363,388,000. Norges Bank purchased a new stake in shares of CMS Energy during the fourth quarter valued at approximately $316,057,000. Magellan Asset Management Ltd bought a new stake in shares of CMS Energy in the second quarter valued at $194,237,000. Legal & General Group Plc bought a new position in CMS Energy in the 2nd quarter valued at $189,370,000. Finally, Parnassus Investments LLC bought a new position in shares of CMS Energy in the 4th quarter worth $102,983,000. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $68.21 on Monday. The firm has a fifty day moving average price of $73.16 and a 200-day moving average price of $74.65. CMS Energy Corporation has a 1 year low of $67.90 and a 1 year high of $80.36. The stock has a market cap of $21.39 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.47 and a beta of 0.35. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. CMS Energy’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Equities analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CMS. JPMorgan Chase & Co. upped their target price on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. KeyCorp lowered shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Morgan Stanley lowered their price target on CMS Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Jefferies Financial Group set a $78.00 price objective on CMS Energy in a report on Thursday, July 16th. Finally, Argus restated a “buy” rating and set a $80.00 target price on shares of CMS Energy in a research note on Wednesday, August 26th. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.69.

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.