CMS Energy Corporation (NYSE:CMS) Stock Has Consensus Target Price of $78.56

Shares of CMS Energy Corporation (NYSE:CMS) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $77.76.

CMS has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $73.00 price target on shares of CMS Energy in a report on Tuesday, October 6th. Barclays decreased their price objective on shares of CMS Energy from $81.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Jefferies Financial Group lowered their price objective on shares of CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Tuesday, September 15th. Morgan Stanley dropped their target price on shares of CMS Energy from $77.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Scotiabank reaffirmed a “sector outperform” rating and set a $78.00 target price on shares of CMS Energy in a research report on Thursday, October 1st.

Institutional Investors Weigh In On CMS Energy

Several hedge funds have recently made changes to their positions in the company. GQG Partners LLC purchased a new position in shares of CMS Energy in the 2nd quarter valued at $363,388,000. Magellan Asset Management Ltd bought a new position in shares of CMS Energy in the 2nd quarter worth $194,237,000. Legal & General Group Plc bought a new position in shares of CMS Energy in the 2nd quarter worth $189,370,000. Hsbc Holdings PLC bought a new position in shares of CMS Energy in the 2nd quarter worth $91,344,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CMS Energy during the 2nd quarter worth $58,830,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Price Performance

Shares of CMS stock opened at $69.64 on Wednesday. CMS Energy has a 52-week low of $62.28 and a 52-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 firm has a market capitalization of $21.84 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.57 and a beta of 0.32. The stock has a 50 day moving average price of $66.87 and a 200 day moving average price of $71.74.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data 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. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, sell-side analysts predict that CMS Energy will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be issued a $0.57 dividend. The ex-dividend date is Friday, November 6th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. CMS Energy’s payout ratio is presently 68.47%.

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.