Argus Reiterates “Buy” Rating for CMS Energy (NYSE:CMS)

CMS Energy (NYSE:CMS)‘s stock had its “buy” rating reissued by equities research analysts at Argus in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $80.00 target price on the utilities provider’s stock. Argus’ price objective suggests a potential upside of 15.70% from the stock’s current price.

Several other equities analysts have also issued reports on the company. UBS Group restated a “neutral” rating and set a $84.00 price target on shares of CMS Energy in a research report on Wednesday, July 29th. Morgan Stanley lowered their price target on CMS Energy from $80.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. BMO Capital Markets boosted their target price on CMS Energy from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. Finally, Weiss Ratings lowered CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.69.

CMS Energy Stock Up 0.6%

Shares of NYSE:CMS opened at $69.15 on Wednesday. The firm has a fifty day moving average of $73.44 and a 200 day moving average of $74.74. CMS Energy has a 52-week low of $67.90 and a 52-week high of $80.36. 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 $21.68 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 2.48 and a beta of 0.35.

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, beating analysts’ consensus estimates 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 analysts’ expectations of $1.87 billion. During the same period last year, the firm posted $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. As a group, research analysts anticipate that CMS Energy will post 3.87 EPS for the current fiscal year.

Institutional Investors Weigh In On CMS Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMS. Kilter Group LLC purchased a new position in shares of CMS Energy during the 2nd quarter worth $26,000. Elyxium Wealth LLC purchased a new position in CMS Energy during the fourth quarter valued at $29,000. DV Equities LLC bought a new position in shares of CMS Energy during the 4th quarter valued at approximately $29,000. MidFirst Bank purchased a new position in CMS Energy during the fourth quarter valued at approximately $31,000. Finally, Scarborough Advisors LLC bought a new position in shares of CMS Energy in the first quarter worth approximately $31,000. Hedge funds and other 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.