CMS EnergyCMS
Market Cap: $20.3B
About: CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
Employees: 8,356
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
28,041% more call options, than puts
Call options by funds: $43.6M | Put options by funds: $155K
46% more repeat investments, than reductions
Existing positions increased: 285 | Existing positions reduced: 195
32% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 57
3% more funds holding
Funds holding: 654 [Q1] → 672 (+18) [Q2]
3% less capital invested
Capital invested by funds: $17.1B [Q1] → $16.6B (-$579M) [Q2]
2.04% less ownership
Funds ownership: 95.25% [Q1] → 93.22% (-2.04%) [Q2]
13% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 7 (-1) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
B of A Securities Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target | 7%upside $73 | Buy Maintained | 29 Aug 2024 |
Morgan Stanley Stephen Byrd 60% 1-year accuracy 40 / 67 met price target | 7%downside $63 | Equal-Weight Maintained | 23 Aug 2024 |
Scotiabank Andrew Weisel 87% 1-year accuracy 20 / 23 met price target | 10%upside $75 | Sector Outperform Maintained | 20 Aug 2024 |
Barclays Nicholas Campanella 93% 1-year accuracy 38 / 41 met price target | 4%downside $65 | Equal-Weight Maintained | 13 Aug 2024 |
Guggenheim Shahriar Pourreza 89% 1-year accuracy 16 / 18 met price target | 1%downside $67 | Buy Maintained | 26 Jul 2024 |