JPMorgan Chase & Co. Has Lowered Expectations for CMS Energy (NYSE:CMS) Stock Price

CMS Energy (NYSE:CMS) had its price objective decreased by JPMorgan Chase & Co. from $86.00 to $82.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 14.48% from the stock’s previous close.

A number of other analysts have also issued reports on CMS. KeyCorp lifted their price objective on shares of CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. BMO Capital Markets dropped their price objective on shares of CMS Energy from $85.00 to $82.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Barclays decreased their price target on shares of CMS Energy from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. UBS Group reissued a “neutral” rating on shares of CMS Energy in a research report on Friday, February 6th. Finally, Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.33.

CMS Energy Trading Down 2.2%

CMS opened at $71.63 on Thursday. The firm has a market capitalization of $22.13 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.65 and a beta of 0.37. The firm’s 50 day moving average is $76.43 and its 200-day moving average is $73.98. CMS Energy has a 52-week low of $68.37 and a 52-week high of $80.36. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The company had revenue of $2.73 billion for 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 quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Analysts expect that CMS Energy will post 3.87 EPS for the current fiscal year.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction on Friday, February 27th. The shares were sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the transaction, the senior vice president owned 70,670 shares of the company’s stock, valued at $5,528,514.10. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Scott B. Mcintosh sold 1,750 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $78.20, for a total transaction of $136,850.00. Following the sale, the chief accounting officer owned 24,223 shares of the company’s stock, valued at approximately $1,894,238.60. The trade was a 6.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,664 shares of company stock worth $1,579,506 over the last three months. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of CMS Energy

Several institutional investors have recently added to or reduced their stakes in CMS. Bison Wealth LLC bought a new stake in CMS Energy during the fourth quarter valued at $312,000. Integrated Wealth Concepts LLC bought a new stake in CMS Energy during the first quarter valued at $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CMS Energy by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock valued at $2,602,000 after purchasing an additional 3,367 shares during the last quarter. Empowered Funds LLC increased its stake in CMS Energy by 22.0% during the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock valued at $510,000 after purchasing an additional 1,226 shares during the last quarter. Finally, Woodline Partners LP increased its stake in CMS Energy by 40.7% during the first quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after purchasing an additional 7,300 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.