Barclays Cuts CMS Energy (NYSE:CMS) Price Target to $79.00

CMS Energy (NYSE:CMS) had its price objective reduced by Barclays from $81.00 to $79.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

A number of other research analysts also recently commented on CMS. Jefferies Financial Group increased their target price on CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Mizuho increased their target price on CMS Energy from $73.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Bank of America increased their target price on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, UBS Group reiterated a “neutral” rating on shares of CMS Energy in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

CMS Energy Stock Performance

CMS traded down $0.68 during midday trading on Wednesday, hitting $76.06. 3,278,678 shares of the company traded hands, compared to its average volume of 2,808,894. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $23.50 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.78 and a beta of 0.37. The company’s 50-day moving average is $77.13 and its 200 day moving average is $74.07. CMS Energy has a 52 week low of $67.71 and a 52 week high of $80.36.

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

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be paid a $0.57 dividend. The ex-dividend date is Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a yield of 3.0%. CMS Energy’s dividend payout ratio (DPR) is presently 62.98%.

Insiders Place Their Bets

In other CMS Energy news, Director Diane Leopold bought 2,000 shares of CMS Energy stock in a transaction on Wednesday, February 25th. The shares were acquired at an average price of $76.70 per share, for a total transaction of $153,400.00. Following the completion of the purchase, the director directly owned 2,769 shares in the company, valued at approximately $212,382.30. This trade represents a 260.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the sale, the senior vice president owned 70,670 shares in the company, valued at approximately $5,528,514.10. The trade was a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 20,664 shares of company stock worth $1,579,506. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CMS Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC grew its position in shares of CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares in the last quarter. HM Payson & Co. boosted its position in CMS Energy by 65.6% during the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 141 shares in the last quarter. First Horizon Corp bought a new stake in CMS Energy during the third quarter valued at about $26,000. Elyxium Wealth LLC bought a new stake in CMS Energy during the fourth quarter valued at about $29,000. Finally, DV Equities LLC bought a new stake in CMS Energy during the fourth quarter valued at about $29,000. Institutional investors own 93.57% of the company’s stock.

CMS Energy Company 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.