Mizuho Cuts CMS Energy (NYSE:CMS) Price Target to $77.00

CMS Energy (NYSE:CMS) had its target price lowered by Mizuho from $78.00 to $77.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

A number of other analysts have also recently commented on the stock. Barclays boosted their target price on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Morgan Stanley set a $77.00 target price on shares of CMS Energy in a research note on Thursday, May 21st. KeyCorp cut CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Bank of America raised their price target on shares of CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CMS Energy in a research note on Friday, June 5th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.83.

CMS Energy Stock Down 0.2%

Shares of CMS Energy stock opened at $72.09 on Wednesday. CMS Energy has a 12-month low of $68.64 and a 12-month high of $80.36. The company has a market cap of $22.61 billion, a P/E ratio of 21.65, a PEG ratio of 2.62 and a beta of 0.35. The company’s fifty day simple moving average is $74.23 and its two-hundred day simple moving average is $74.81. The company has a current ratio of 0.94, a quick ratio of 0.66 and a debt-to-equity ratio of 1.81.

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. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $0.71 earnings per share. CMS Energy’s quarterly revenue was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Research analysts anticipate that CMS Energy will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.28 annualized dividend and a yield of 3.2%. CMS Energy’s payout ratio is currently 68.47%.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total transaction of $222,930.00. Following the sale, the senior vice president owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. This trade represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CMS. Sound Income Strategies LLC increased its position in CMS Energy by 84.4% in the fourth quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of CMS Energy in the 4th quarter worth about $29,000. DV Equities LLC purchased a new stake in shares of CMS Energy during the 4th quarter valued at about $29,000. MidFirst Bank bought a new position in shares of CMS Energy in the 4th quarter valued at about $31,000. Finally, Scarborough Advisors LLC purchased a new position in CMS Energy in the first quarter worth about $31,000. 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.