Morgan Stanley Cuts CMS Energy (NYSE:CMS) Price Target to $77.00

CMS Energy (NYSE:CMS) had its price target trimmed by Morgan Stanley from $79.00 to $77.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the utilities provider’s stock.

Several other research firms have also weighed in on CMS. JPMorgan Chase & Co. lifted their target price on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Truist Financial dropped their price target on shares of CMS Energy from $85.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. 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 reissued a “neutral” rating and set a $84.00 target price on shares of CMS Energy in a research note on Wednesday, July 29th. Finally, Weiss Ratings lowered CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.54.

CMS Energy Stock Down 0.0%

Shares of CMS opened at $65.32 on Friday. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.39 and a beta of 0.34. CMS Energy has a 52 week low of $65.14 and a 52 week high of $80.36. The stock’s 50-day moving average price is $70.44 and its 200-day moving average price is $73.73. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

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

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were given a dividend of $0.57 per share. The ex-dividend date was Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a yield of 3.5%. CMS Energy’s dividend payout ratio is currently 68.47%.

Institutional Trading of CMS Energy

Several institutional investors have recently modified their holdings of the stock. Kilter Group LLC purchased a new stake in CMS Energy during the 2nd quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new position in shares of CMS Energy in the fourth quarter valued at approximately $29,000. MidFirst Bank acquired a new stake in shares of CMS Energy in the fourth quarter worth approximately $31,000. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy in the first quarter worth approximately $31,000. Finally, Trust Co. of Vermont acquired a new stake in shares of CMS Energy in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Company Profile

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.