CMS Energy (NYSE:CMS) Price Target Cut to $74.00 by Analysts at Jefferies Financial Group

CMS Energy (NYSE:CMS) had its price target lowered by investment analysts at Jefferies Financial Group from $78.00 to $74.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the utilities provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 11.53% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. UBS Group restated a “neutral” rating and set a $84.00 price target on shares of CMS Energy in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Morgan Stanley lowered their target price on CMS Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Finally, Barclays boosted their price target on CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.69.

CMS Energy Stock Down 0.7%

Shares of CMS Energy stock traded down $0.47 during midday trading on Tuesday, hitting $66.35. The company had a trading volume of 506,123 shares, compared to its average volume of 3,208,684. CMS Energy has a 52-week low of $66.30 and a 52-week high of $80.36. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. The stock has a market capitalization of $20.81 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.46 and a beta of 0.34. The company has a 50 day moving average of $71.25 and a 200 day moving average of $74.05.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, equities analysts predict that CMS Energy will post 3.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CMS Energy

Institutional investors have recently bought and sold shares of the business. Kilter Group LLC bought a new position in shares of CMS Energy in the second quarter worth about $26,000. Scarborough Advisors LLC bought a new stake in CMS Energy during the 1st quarter valued at approximately $31,000. Elyxium Wealth LLC bought a new stake in CMS Energy during the 4th quarter valued at approximately $29,000. Trust Co. of Vermont purchased a new position in CMS Energy in the 2nd quarter worth approximately $33,000. Finally, MidFirst Bank bought a new position in CMS Energy in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

About CMS Energy

CMS Energy Corporation (NYSE:CMS) is an energy company headquartered in Jackson, Michigan. Its principal subsidiary, Consumers Energy, is a regulated utility that provides electric and natural gas service to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains a diverse energy infrastructure that includes electric generation, transmission and distribution systems, as well as natural gas storage and distribution networks. The company is also investing in renewable energy and other technologies intended to support a cleaner and more reliable energy system, while continuing to serve customers across Michigan’s Lower Peninsula.

CMS Energy traces its history to the Consumers Power Company, which was founded in 1886.