CMS Energy (NYSE:CMS) Price Target Raised to $86.00

CMS Energy (NYSE:CMS) had its target price boosted by BMO Capital Markets from $80.00 to $86.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.

Several other research analysts have also commented on the company. Mizuho boosted their price objective on CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Bank of America set a $82.00 target price on shares of CMS Energy in a research report on Friday, January 30th. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, January 21st. Finally, Morgan Stanley set a $80.00 price objective on shares of CMS Energy in a research report on Friday, February 20th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.00.

CMS Energy Trading Down 1.6%

Shares of CMS stock opened at $77.53 on Monday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.98. CMS Energy has a 52-week low of $67.71 and a 52-week high of $80.36. The company has a market capitalization of $23.88 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 2.79 and a beta of 0.43. The business’s fifty day moving average is $76.77 and its 200 day moving average is $73.82.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, February 5th. The utilities provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.94 by $0.01. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.13 billion. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. On average, equities research analysts anticipate that CMS Energy will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, February 17th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.54. CMS Energy’s dividend payout ratio is presently 64.59%.

Insider Transactions at CMS Energy

In other CMS Energy news, Director Diane Leopold acquired 2,000 shares of the stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average cost of $76.70 per share, for a total transaction of $153,400.00. Following the acquisition, the director owned 2,769 shares in the company, valued at $212,382.30. The trade was a 260.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John G. Russell sold 14,914 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $75.75, for a total transaction of $1,129,735.50. Following the completion of the sale, the director directly owned 131,568 shares of the company’s stock, valued at $9,966,276. This trade represents a 10.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,664 shares of company stock worth $1,579,506 in the last three months. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of CMS Energy

Several hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its stake in shares of CMS Energy by 3.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider’s stock valued at $298,000 after buying an additional 137 shares during the last quarter. HM Payson & Co. lifted its stake in shares of CMS Energy by 65.6% in the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 141 shares during the last quarter. Private Trust Co. NA boosted its holdings in CMS Energy by 10.1% during the 3rd quarter. Private Trust Co. NA now owns 1,562 shares of the utilities provider’s stock valued at $114,000 after acquiring an additional 143 shares during the period. Hantz Financial Services Inc. boosted its holdings in CMS Energy by 1.5% during the 4th quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock valued at $662,000 after acquiring an additional 143 shares during the period. Finally, Covestor Ltd grew its position in CMS Energy by 52.0% during the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 145 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

About CMS Energy

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.