Wells Fargo & Company Lowers CMS Energy (NYSE:CMS) Price Target to $74.00

CMS Energy (NYSE:CMS) had its price objective lowered by research analysts at Wells Fargo & Company from $77.00 to $74.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 3.44% from the company’s previous close.

Several other research firms also recently weighed in on CMS. Morgan Stanley raised their price objective on CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, October 8th. KeyCorp boosted their target price on shares of CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Barclays cut their price target on shares of CMS Energy from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.42.

CMS Energy Stock Performance

Shares of NYSE CMS traded down $0.14 during mid-day trading on Tuesday, reaching $71.54. 453,832 shares of the company were exchanged, compared to its average volume of 2,603,522. CMS Energy has a twelve month low of $65.10 and a twelve month high of $76.45. The stock has a market capitalization of $21.77 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.55 and a beta of 0.49. The company’s 50-day simple moving average is $71.60 and its 200-day simple moving average is $72.15. The company has a quick ratio of 0.60, a current ratio of 0.90 and a debt-to-equity ratio of 1.84.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.83 billion. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS and its FY 2025 guidance at 3.560-3.600 EPS. As a group, research analysts predict that CMS Energy will post 3.59 earnings per share for the current year.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 4,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total transaction of $289,880.00. Following the transaction, the senior vice president owned 64,259 shares of the company’s stock, valued at $4,656,849.73. This represents a 5.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

Several large investors have recently bought and sold shares of CMS. Benjamin Edwards Inc. raised its stake in shares of CMS Energy by 379.3% in the third quarter. Benjamin Edwards Inc. now owns 61,861 shares of the utilities provider’s stock valued at $4,532,000 after buying an additional 48,954 shares during the period. Venture Visionary Partners LLC boosted its stake in CMS Energy by 769.5% in the 3rd quarter. Venture Visionary Partners LLC now owns 27,521 shares of the utilities provider’s stock worth $2,016,000 after purchasing an additional 24,356 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in CMS Energy by 17.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 630,599 shares of the utilities provider’s stock valued at $46,198,000 after acquiring an additional 92,980 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of CMS Energy by 112.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 104,094 shares of the utilities provider’s stock valued at $7,626,000 after purchasing an additional 55,017 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in CMS Energy by 10.9% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 591,377 shares of the utilities provider’s stock worth $40,971,000 after acquiring an additional 58,024 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

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.