CMS Energy Corporation (NYSE:CMS) Stock Has Average Price Target of $78.56

Shares of CMS Energy Corporation (NYSE:CMS) have been given a consensus recommendation of “Hold” by the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Eight investment 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 ratings on the stock in the last year is $77.76.

CMS has been the subject of a number of recent research reports. KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada set a $73.00 price target on shares of CMS Energy in a research report on Tuesday, October 6th. Jefferies Financial Group reduced their price objective on shares of CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Tuesday, September 15th. Weiss Ratings cut shares of CMS Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th.

Hedge Funds Weigh In On CMS Energy

Several institutional investors have recently made changes to their positions in the company. GQG Partners LLC acquired a new position in CMS Energy during the second quarter valued at $363,388,000. Magellan Asset Management Ltd acquired a new stake in CMS Energy in the 2nd quarter valued at $194,237,000. Legal & General Group Plc purchased a new stake in shares of CMS Energy during the second quarter worth about $189,370,000. Hsbc Holdings PLC purchased a new stake in CMS Energy during the 2nd quarter worth approximately $91,344,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CMS Energy in the 2nd quarter valued at $58,830,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 0.1%

Shares of NYSE CMS opened at $69.64 on Wednesday. The business has a 50-day moving average of $66.87 and a 200-day moving average of $71.69. The firm has a market capitalization of $21.84 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.54 and a beta of 0.32. CMS Energy has a 12 month low of $62.28 and a 12 month high of $80.36. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81.

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

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.28 annualized dividend and a yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is presently 68.47%.

CMS Energy Company Profile

CMS Energy Corporation is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.