CMS Energy (NYSE:CMS) Reaches New 12-Month Low – Here’s Why

CMS Energy Corporation (NYSE:CMS) hit a new 52-week low on Thursday . The stock traded as low as $65.67 and last traded at $65.9950, with a volume of 2050103 shares. The stock had previously closed at $65.92.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Argus reaffirmed a “buy” rating and set a $80.00 price objective on shares of CMS Energy in a report on Wednesday, August 26th. Mizuho cut their target price on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Jefferies Financial Group dropped their price objective on shares of CMS Energy from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Tuesday. BMO Capital Markets cut their price objective on CMS Energy from $82.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 8th. Finally, JPMorgan Chase & Co. raised their target price on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.54.

CMS Energy Stock Down 1.3%

The business’s 50 day moving average is $70.44 and its 200-day moving average is $73.76. 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 firm has a market capitalization of $20.48 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 2.42 and a beta of 0.34.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm earned $0.71 EPS. CMS Energy’s revenue for the quarter was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Equities analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were paid a $0.57 dividend. The ex-dividend date of this dividend 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 presently 68.47%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CMS. GQG Partners LLC bought a new stake in 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 about $316,057,000. Magellan Asset Management Ltd bought a new stake in shares of CMS Energy in the 2nd quarter valued at about $194,237,000. Legal & General Group Plc purchased a new stake in CMS Energy during the 2nd quarter valued at about $189,370,000. Finally, Parnassus Investments LLC purchased a new stake in CMS Energy during the 4th quarter valued at $102,983,000. Institutional investors and hedge funds 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.