CMS Energy (NYSE:CMS) Hits New 12-Month Low – What’s Next?

CMS Energy Corporation (NYSE:CMS)’s share price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $62.29 and last traded at $62.9570, with a volume of 164696 shares. The stock had previously closed at $62.60.

Wall Street Analyst Weigh In

Several research firms recently commented on CMS. JPMorgan Chase & Co. upped their target price on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Barclays raised their price target on shares of CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Mizuho dropped their price objective on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Argus restated a “buy” rating and set a $80.00 price objective on shares of CMS Energy in a report on Wednesday, August 26th. Finally, Truist Financial cut their price objective on shares of CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $80.54.

CMS Energy Price Performance

The company has a market cap of $19.71 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.30 and a beta of 0.34. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The company has a fifty day moving average price of $69.13 and a two-hundred day moving average price of $73.14.

CMS Energy (NYSE:CMS) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.76% and a net margin of 11.64%.CMS Energy’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, equities research analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were paid a $0.57 dividend. The ex-dividend date was Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.6%. CMS Energy’s dividend payout ratio is currently 68.47%.

Hedge Funds Weigh In On CMS Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GQG Partners LLC bought a new stake in CMS Energy in the second quarter valued at $363,388,000. Pictet Asset Management Holding SA boosted its stake in shares of CMS Energy by 16.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after purchasing an additional 595,564 shares in the last quarter. Norges Bank bought a new stake in shares of CMS Energy in the 4th quarter worth about $316,057,000. Magellan Asset Management Ltd acquired a new stake in shares of CMS Energy during the 2nd quarter worth about $194,237,000. Finally, Legal & General Group Plc bought a new position in CMS Energy during the 2nd quarter valued at about $189,370,000. 93.57% of the stock is owned by institutional investors.

CMS Energy Company Profile

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.