Morgan Stanley Has Lowered Expectations for CMS Energy (NYSE:CMS) Stock Price

CMS Energy (NYSE:CMS) had its price target lowered by stock analysts at Morgan Stanley from $79.00 to $77.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential upside of 17.19% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on CMS. Jefferies Financial Group dropped their price objective on CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Tuesday. Barclays increased their target price on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their target price on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Mizuho dropped their target price 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. Finally, BMO Capital Markets cut their price target on shares of CMS Energy from $82.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 8th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.54.

CMS Energy Stock Performance

NYSE:CMS opened at $65.71 on Friday. CMS Energy has a fifty-two week low of $65.67 and a fifty-two 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 company has a 50 day moving average price of $70.64 and a 200 day moving average price of $73.82. The stock has a market capitalization of $20.60 billion, a P/E ratio of 19.74, a PEG ratio of 2.41 and a beta of 0.34.

CMS Energy (NYSE:CMS) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) 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 analyst estimates of $1.87 billion. During the same quarter in the previous year, the company earned $0.71 earnings per share. The firm’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. Equities research analysts forecast that CMS Energy will post 3.87 EPS for the current year.

Institutional Trading of CMS Energy

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its stake in CMS Energy by 70.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 25,801 shares of the utilities provider’s stock worth $1,974,000 after purchasing an additional 10,648 shares in the last quarter. National Pension Service increased its holdings in CMS Energy by 69.3% during the 2nd quarter. National Pension Service now owns 42,256 shares of the utilities provider’s stock worth $3,233,000 after purchasing an additional 17,290 shares during the period. Cidel Asset Management Inc. increased its holdings in CMS Energy by 1.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 405,656 shares of the utilities provider’s stock worth $31,033,000 after purchasing an additional 7,524 shares during the period. Integrated Wealth Concepts LLC raised its position in CMS Energy by 88.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,164 shares of the utilities provider’s stock valued at $854,000 after purchasing an additional 5,240 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in CMS Energy by 4.8% in the 2nd quarter. NewEdge Advisors LLC now owns 27,585 shares of the utilities provider’s stock valued at $2,110,000 after purchasing an additional 1,257 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

About CMS Energy

CMS Energy Corporation (NYSE:CMS) is an energy company headquartered in Jackson, Michigan. Its principal subsidiary, Consumers Energy, is a regulated utility that provides electric and natural gas service to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains a diverse energy infrastructure that includes electric generation, transmission and distribution systems, as well as natural gas storage and distribution networks. The company is also investing in renewable energy and other technologies intended to support a cleaner and more reliable energy system, while continuing to serve customers across Michigan’s Lower Peninsula.

CMS Energy traces its history to the Consumers Power Company, which was founded in 1886.