CMS Energy Corporation (NYSE:CMS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of CMS Energy Corporation (NYSE:CMS) have been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $80.1667.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on CMS Energy from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Jefferies Financial Group downgraded CMS Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from $88.00 to $74.00 in a research report on Thursday, June 4th. Truist Financial reduced their target price on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Wells Fargo & Company set a $80.00 target price on CMS Energy in a research report on Tuesday, April 21st. Finally, Morgan Stanley set a $77.00 target price on CMS Energy in a research report on Thursday, May 21st.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the sale, the senior vice president directly owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

A number of institutional investors have recently modified their holdings of CMS. Norges Bank acquired a new stake in shares of CMS Energy in the fourth quarter valued at $316,057,000. Magellan Asset Management Ltd grew its stake in shares of CMS Energy by 698.7% in the first quarter. Magellan Asset Management Ltd now owns 2,019,954 shares of the utilities provider’s stock valued at $156,708,000 after buying an additional 1,767,059 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of CMS Energy by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after buying an additional 1,501,991 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of CMS Energy by 70.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock valued at $249,738,000 after buying an additional 1,481,779 shares in the last quarter. Finally, Parnassus Investments LLC acquired a new stake in shares of CMS Energy in the fourth quarter valued at $102,983,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $73.94 on Thursday. CMS Energy has a one year low of $68.41 and a one year high of $80.36. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.66 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. The business’s 50 day moving average price is $74.19 and its 200 day moving average price is $73.82.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the business posted $1.02 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, research analysts predict 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 was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were given a $0.57 dividend. The ex-dividend date was Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. CMS Energy’s payout ratio is currently 62.98%.

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.