CMS Energy (NYSE:CMS) Price Target Cut to $80.00 by Analysts at JPMorgan Chase & Co.

CMS Energy (NYSE:CMS) had its target price cut by JPMorgan Chase & Co. from $85.00 to $80.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 14.83% from the company’s previous close.

Several other analysts also recently commented on the company. Wells Fargo & Company raised CMS Energy to a “hold” rating in a research note on Tuesday, October 28th. Morgan Stanley upped their price target on CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Barclays lifted their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Wall Street Zen upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus target price of $78.50.

CMS Energy Stock Performance

Shares of CMS stock traded down $0.34 during mid-day trading on Thursday, hitting $69.67. 1,120,787 shares of the stock were exchanged, compared to its average volume of 2,421,094. The stock’s fifty day simple moving average is $73.54 and its two-hundred day simple moving average is $72.02. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.60 and a current ratio of 0.90. CMS Energy has a 12-month low of $63.97 and a 12-month high of $76.45. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.69 and a beta of 0.47.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.83 billion. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS and its FY 2025 guidance at 3.560-3.600 EPS. On average, analysts forecast that CMS Energy will post 3.59 EPS for the current year.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total value of $289,880.00. Following the sale, the senior vice president owned 64,259 shares of the company’s stock, valued at $4,656,849.73. This represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Trading of CMS Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL increased its position in CMS Energy by 344.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 263,986 shares of the utilities provider’s stock worth $19,340,000 after purchasing an additional 204,570 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of CMS Energy by 62.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 74,552 shares of the utilities provider’s stock worth $5,462,000 after purchasing an additional 28,577 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of CMS Energy during the third quarter worth about $3,219,000. Coldstream Capital Management Inc. grew its holdings in shares of CMS Energy by 34.4% during the third quarter. Coldstream Capital Management Inc. now owns 6,582 shares of the utilities provider’s stock worth $482,000 after buying an additional 1,685 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of CMS Energy in the third quarter valued at approximately $901,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.