Analysts Set CMS Energy Corporation (NYSE:CMS) Target Price at $81.69

CMS Energy Corporation (NYSE:CMS) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $81.6923.

CMS has been the subject of a number of recent analyst reports. Weiss Ratings lowered CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Argus reissued a “buy” rating and issued a $80.00 price target on shares of CMS Energy in a report on Wednesday, August 26th. Morgan Stanley cut their price objective on shares of CMS Energy from $80.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. Finally, Jefferies Financial Group set a $78.00 target price on shares of CMS Energy in a report on Thursday, July 16th.

CMS Energy Trading Up 0.6%

NYSE:CMS opened at $68.48 on Tuesday. CMS Energy has a 1 year low of $67.19 and a 1 year high of $80.36. The stock’s fifty day moving average price is $72.55 and its two-hundred day moving average price is $74.45. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The company has a market cap of $21.47 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.49 and a beta of 0.34.

CMS Energy (NYSE:CMS) last released 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. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, analysts expect that CMS Energy will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.28 annualized dividend and a yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.

Institutional Trading of CMS Energy

A number of hedge funds have recently bought and sold shares of CMS. California State Teachers Retirement System grew its position in CMS Energy by 7,677.9% during the 2nd quarter. California State Teachers Retirement System now owns 27,390,749 shares of the utilities provider’s stock worth $2,095,392,000 after acquiring an additional 27,038,586 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CMS Energy by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock worth $579,902,000 after purchasing an additional 183,589 shares during the last quarter. GQG Partners LLC purchased a new position in shares of CMS Energy in the second quarter worth $363,388,000. Norges Bank purchased a new position in shares of CMS Energy in the fourth quarter worth $316,057,000. Finally, Pictet Asset Management Holding SA raised its holdings in CMS Energy by 16.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after buying an additional 595,564 shares during the last quarter. 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.