CMS Energy (CMS)

• Market cap: $20.4B
• 1 day: 0.32%
• 5 days: 5.17%
• 1 month: 2.44%
• 3 months: -4.03%
• 6 months: 11.17%
• Year to date: 2.66%
• 1 year: 20.69%
• 5 years: 3.16%
• 10 years: 83.50%
• Sector: Utilities
• Industry: Electric & Other Services Combined

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. NorthStar Clean Energy, formerly 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 Q3 regulatory filings by fund managers ($100M+ AUM)

7,435% more call options, than puts

Call options by funds: $54.2M | Put options by funds: $720K

52% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 60

18% more capital invested

Capital invested by funds: $18.5B [Q2] → $21.9B (+$3.35B) [Q3]

18% more repeat investments, than reductions

Existing positions increased: 268 | Existing positions reduced: 227

3% more funds holding

Funds holding: 674 [Q2] → 696 (+22) [Q3]

0.39% less ownership

Funds ownership: 104.27% [Q2] → 103.88% (-0.39%) [Q3]

29% less funds holding in top 10

Funds holding in top 10: 7 [Q2] → 5 (-2) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $67 2% downside
• Avg. target: $74 8% upside
• High target: $77 13% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Scotiabank Andrew Weisel 61% 1-year accuracy 17 / 28 met price target	13% upside $77	Sector Outperform Maintained	12 Dec 2024
Morgan Stanley Stephen Byrd 53% 1-year accuracy 59 / 111 met price target	2% downside $67	Equal-Weight Maintained	22 Nov 2024
Jefferies Julien Dumoulin-Smith 52% 1-year accuracy 37 / 71 met price target	11% upside $76	Buy Initiated	5 Nov 2024
BMO Capital James Thalacker 72% 1-year accuracy 55 / 76 met price target	11% upside $76	Outperform Maintained	1 Nov 2024