CMS Energy (NYSE:CMS) Price Target Raised to $86.00

CMS Energy (NYSE:CMS) had its price objective increased by BMO Capital Markets from $81.00 to $86.00 in a report issued on Monday, Marketbeat reports. They currently have an outperform rating on the utilities provider’s stock.

CMS has been the subject of several other research reports. Barclays upped their price target on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Morgan Stanley set a $77.00 target price on CMS Energy in a research report on Thursday, May 21st. KeyCorp reissued an “overweight” rating and issued a $83.00 price target on shares of CMS Energy in a research report on Monday, June 8th. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a report on Tuesday, April 21st. Finally, Truist Financial lowered their target price on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.33.

CMS Energy Price Performance

NYSE CMS opened at $73.97 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $22.85 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 2.62 and a beta of 0.35. CMS Energy has a 12-month low of $68.64 and a 12-month high of $80.36. The company has a 50 day moving average price of $74.13 and a two-hundred day moving average price of $74.66.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. CMS Energy’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, August 7th. CMS Energy’s dividend payout ratio is presently 62.98%.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the sale, the senior vice president directly owned 67,111 shares in the company, valued at $4,987,018.41. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CMS Energy

Several hedge funds have recently made changes to their positions in the stock. Bison Wealth LLC acquired a new position in CMS Energy in the 4th quarter valued at approximately $312,000. Integrated Wealth Concepts LLC acquired a new stake in shares of CMS Energy during the 1st quarter worth approximately $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CMS Energy by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock worth $2,602,000 after purchasing an additional 3,367 shares in the last quarter. Empowered Funds LLC increased its position in shares of CMS Energy by 22.0% during the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock valued at $510,000 after purchasing an additional 1,226 shares during the period. Finally, Woodline Partners LP increased its position in shares of CMS Energy by 40.7% during the first quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after purchasing an additional 7,300 shares during the period. 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.