CMS Energy (NYSE:CMS) Price Target Raised to $85.00

CMS Energy (NYSE:CMS) had its price target lifted by JPMorgan Chase & Co. from $82.00 to $85.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

Other equities research analysts have also recently issued reports about the company. Barclays lifted their target price on CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CMS Energy in a research note on Friday, June 5th. KeyCorp reiterated an “overweight” rating and issued a $83.00 price target on shares of CMS Energy in a report on Monday, June 8th. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Finally, BMO Capital Markets dropped their price objective on CMS Energy from $82.00 to $81.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.92.

CMS Energy Price Performance

CMS opened at $73.69 on Thursday. 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 stock has a market capitalization of $22.76 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.66 and a beta of 0.35. The company’s 50 day simple moving average is $74.13 and its 200-day simple moving average is $74.57. CMS Energy has a one year low of $68.64 and a one year high of $80.36.

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

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were paid a $0.57 dividend. 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 3.1%. CMS Energy’s dividend payout ratio is 62.98%.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy 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 completion of the sale, the senior vice president directly owned 67,111 shares of the company’s stock, valued at $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CMS Energy

Hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC grew its position in shares of 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 buying an additional 157 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of CMS Energy in the 4th quarter valued at approximately $29,000. DV Equities LLC acquired a new stake in shares of CMS Energy in the 4th quarter valued at approximately $29,000. MidFirst Bank bought a new position in CMS Energy during the 4th quarter worth approximately $31,000. Finally, Scarborough Advisors LLC bought a new position in CMS Energy during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Company Profile

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.