CMS Energy Corporation (NYSE:CMS) Receives Average Rating of “Moderate Buy” from Brokerages

CMS Energy Corporation (NYSE:CMS) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $80.9167.

CMS has been the subject of a number of analyst reports. Bank of America raised their price objective on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Barclays boosted their target price on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Jefferies Financial Group set a $78.00 target price on CMS Energy in a research note on Thursday. JPMorgan Chase & Co. raised their price target on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wells Fargo & Company set a $80.00 price target on shares of CMS Energy in a research note on Tuesday, April 21st.

CMS Energy Trading Up 0.0%

NYSE:CMS opened at $73.69 on Monday. The firm has a market capitalization of $22.76 billion, a P/E ratio of 20.35, a PEG ratio of 2.67 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. CMS Energy has a one year low of $68.64 and a one year high of $80.36. The company’s 50-day simple moving average is $74.13 and its 200 day simple moving average is $74.60.

CMS Energy (NYSE:CMS) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the firm earned $1.02 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, analysts forecast that CMS Energy will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the transaction, the senior vice president directly owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

A number of institutional investors have recently made changes to their positions in CMS. Norges Bank purchased a new position in shares of CMS Energy during the fourth quarter valued at approximately $316,057,000. Magellan Asset Management Ltd boosted its holdings in CMS Energy by 698.7% in the first quarter. Magellan Asset Management Ltd now owns 2,019,954 shares of the utilities provider’s stock worth $156,708,000 after purchasing an additional 1,767,059 shares during the last quarter. Vanguard Group Inc. boosted its holdings in CMS Energy by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after purchasing an additional 1,501,991 shares during the last quarter. Pictet Asset Management Holding SA grew its position in CMS Energy by 70.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock worth $249,738,000 after purchasing an additional 1,481,779 shares during the period. Finally, Parnassus Investments LLC bought a new stake in CMS Energy in the 4th quarter worth approximately $102,983,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.