CMS Energy Corporation (NYSE:CMS) Receives Consensus Rating of “Moderate Buy” from Analysts

CMS Energy Corporation (NYSE:CMS) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $78.00.

A number of research firms have issued reports on CMS. Morgan Stanley reduced their price target on shares of CMS Energy from $73.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Barclays boosted their price target on CMS Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, October 8th. Wolfe Research reissued a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Finally, Wall Street Zen raised CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the completion of the transaction, the senior vice president directly owned 68,036 shares of the company’s stock, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Lauren Y. Snyder sold 2,220 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $71.26, for a total value of $158,197.20. Following the transaction, the senior vice president directly owned 13,512 shares of the company’s stock, valued at approximately $962,865.12. The trade was a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. HM Payson & Co. increased its position in shares of CMS Energy by 65.6% during the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 141 shares in the last quarter. AlphaQuest LLC increased its position in shares of CMS Energy by 285.5% during the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 334 shares in the last quarter. Trust Co. of Vermont increased its position in shares of CMS Energy by 127.7% during the second quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 300 shares in the last quarter. Tobam increased its position in shares of CMS Energy by 35.0% during the second quarter. Tobam now owns 559 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 145 shares in the last quarter. Finally, Capital A Wealth Management LLC increased its position in shares of CMS Energy by 2,870.0% during the second quarter. Capital A Wealth Management LLC now owns 594 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 574 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Performance

CMS opened at $74.72 on Friday. CMS Energy has a 12-month low of $63.97 and a 12-month high of $76.45. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $22.37 billion, a PE ratio of 22.11, a P/E/G ratio of 2.85 and a beta of 0.40. The firm has a 50 day moving average of $72.24 and a two-hundred day moving average of $71.67.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm posted $0.66 EPS. CMS Energy’s revenue for the quarter was up 14.4% compared to the same quarter last year. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. On average, analysts anticipate that CMS Energy will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a $0.5425 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 2.9%. CMS Energy’s payout ratio is presently 64.20%.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.