CMS Energy Corporation (NYSE:CMS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of CMS Energy Corporation (NYSE:CMS) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $80.1667.

A number of equities analysts have recently commented on CMS shares. Morgan Stanley set a $77.00 price target on CMS Energy in a report on Thursday, May 21st. Jefferies Financial Group cut CMS Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $88.00 to $74.00 in a report on Thursday, June 4th. KeyCorp reissued an “overweight” rating and set a $83.00 price target on shares of CMS Energy in a report on Monday, June 8th. Bank of America boosted their price target on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of CMS Energy in a report on Friday, June 5th.

CMS Energy Price Performance

Shares of NYSE CMS opened at $76.53 on Thursday. The stock has a market capitalization of $23.64 billion, a PE ratio of 21.14, a P/E/G ratio of 2.73 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. The business has a fifty day moving average price of $74.08 and a two-hundred day moving average price of $73.88. CMS Energy has a fifty-two week low of $68.41 and a fifty-two week high of $80.36.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the firm earned $1.02 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, equities analysts predict that CMS Energy will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. CMS Energy’s payout ratio is 62.98%.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction 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 in the company, valued at $4,987,018.41. The trade was a 4.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CMS. Sound Income Strategies LLC grew its position in CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the last quarter. Elyxium Wealth LLC bought a new stake in CMS Energy during the 4th quarter worth $29,000. DV Equities LLC bought a new stake in CMS Energy during the 4th quarter worth $29,000. MidFirst Bank bought a new stake in CMS Energy during the 4th quarter worth $31,000. Finally, Scarborough Advisors LLC bought a new stake in CMS Energy during the 1st quarter worth $31,000. 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.