BMO Capital Markets Cuts CMS Energy (NYSE:CMS) Price Target to $73.00

CMS Energy (NYSE:CMS) had its price target reduced by BMO Capital Markets from $77.00 to $73.00 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have an outperform rating on the utilities provider’s stock.

Other research analysts have also issued research reports about the stock. UBS Group reiterated a “neutral” rating and issued a $84.00 price target on shares of CMS Energy in a research note on Wednesday, July 29th. KeyCorp downgraded shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Scotiabank restated a “sector outperform” rating and set a $78.00 price objective on shares of CMS Energy in a report on Thursday, October 1st. Truist Financial lowered their target price on CMS Energy from $85.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Argus restated a “buy” rating and issued a $80.00 price target on shares of CMS Energy in a research note on Wednesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.19.

CMS Energy Stock Up 0.4%

CMS opened at $65.33 on Tuesday. CMS Energy has a 1-year low of $62.28 and a 1-year high of $80.36. The stock’s fifty day simple moving average is $67.59 and its 200 day simple moving average is $72.41. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The stock has a market cap of $20.49 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.38 and a beta of 0.32.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $0.71 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts expect that CMS Energy will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.28 annualized dividend and a yield of 3.5%. CMS Energy’s payout ratio is currently 68.47%.

Institutional Trading of CMS Energy

Large investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC raised its stake in CMS Energy by 3.9% during the first quarter. Kestra Private Wealth Services LLC now owns 4,596 shares of the utilities provider’s stock worth $357,000 after acquiring an additional 174 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of CMS Energy by 1.0% in the 1st quarter. Lido Advisors LLC now owns 18,123 shares of the utilities provider’s stock valued at $1,406,000 after purchasing an additional 174 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of CMS Energy by 0.7% in the 1st quarter. NewEdge Advisors LLC now owns 26,328 shares of the utilities provider’s stock valued at $2,043,000 after purchasing an additional 174 shares in the last quarter. Kera Capital Partners Inc. grew its holdings in shares of CMS Energy by 5.5% during the 1st quarter. Kera Capital Partners Inc. now owns 3,934 shares of the utilities provider’s stock valued at $305,000 after purchasing an additional 206 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of CMS Energy by 6.7% during the 3rd quarter. CX Institutional now owns 4,146 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 262 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Company Profile

CMS Energy Corporation (NYSE: CMS) 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 across Michigan.

Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.