CMS Energy (NYSE:CMS) Stock Gets Price Target Reduction from Morgan Stanley

CMS Energy (NYSE:CMS) had its target price decreased by Morgan Stanley from $77.00 to $73.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.

A number of other research analysts have also recently commented on the company. Royal Bank Of Canada set a $73.00 target price on CMS Energy in a research note on Tuesday, October 6th. Jefferies Financial Group reduced their price target on CMS Energy from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Tuesday, September 15th. Truist Financial reduced their price target on CMS Energy from $81.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. UBS Group reiterated a “neutral” rating and issued a $84.00 price objective on shares of CMS Energy in a report on Wednesday, July 29th. Finally, Mizuho lowered their price objective on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.76.

CMS Energy Price Performance

CMS stock opened at $69.64 on Wednesday. CMS Energy has a 1 year low of $62.28 and a 1 year high of $80.36. The company has a market cap of $21.84 billion, a P/E ratio of 20.80, a PEG ratio of 2.57 and a beta of 0.32. The firm has a 50-day moving average of $66.87 and a 200 day moving average of $71.74. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The business 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%. CMS Energy’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, sell-side analysts forecast that CMS Energy will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

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

Hedge Funds Weigh In On CMS Energy

Several large investors have recently made changes to their positions in the business. GQG Partners LLC bought a new position in CMS Energy during the 2nd quarter valued at approximately $363,388,000. Pictet Asset Management Holding SA raised its stake in CMS Energy by 16.7% during the first quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after buying an additional 595,564 shares during the last quarter. Magellan Asset Management Ltd purchased a new position in CMS Energy during the second quarter valued at $194,237,000. Legal & General Group Plc bought a new stake in CMS Energy in the second quarter worth $189,370,000. Finally, Dimensional Fund Advisors LP boosted its holdings in CMS Energy by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock worth $122,657,000 after acquiring an additional 50,475 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.