CMS Energy’s (CMS) Buy Rating Reiterated at Argus

Argus reissued their buy rating on shares of CMS Energy (NYSE:CMS) in a report issued on Wednesday morning,Benzinga reports. Argus currently has a $80.00 target price on the utilities provider’s stock.

A number of other analysts also recently issued reports on CMS. Mizuho lowered their price objective on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Morgan Stanley decreased their target price on shares of CMS Energy from $80.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. BMO Capital Markets lifted their price target on shares of CMS Energy from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Finally, KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.69.

CMS Energy Stock Down 0.2%

CMS stock opened at $68.21 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The stock has a market capitalization of $21.39 billion, a P/E ratio of 20.48, a P/E/G ratio of 2.48 and a beta of 0.35. CMS Energy has a fifty-two week low of $67.90 and a fifty-two week high of $80.36. The business has a 50-day moving average of $73.16 and a 200-day moving average of $74.63.

CMS Energy (NYSE:CMS) last announced its earnings results 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 business had revenue of $1.83 billion for the quarter, compared to analyst estimates 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 for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, sell-side analysts anticipate that CMS Energy will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio is currently 68.47%.

Hedge Funds Weigh In On CMS Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in CMS Energy by 3.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider’s stock worth $298,000 after acquiring an additional 137 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of CMS Energy by 1.5% during the 4th quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock worth $662,000 after purchasing an additional 143 shares during the last quarter. Florida Financial Advisors LLC increased its stake in shares of CMS Energy by 4.9% during the 4th quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 149 shares during the last quarter. Cim LLC raised its holdings in shares of CMS Energy by 0.8% in the 3rd quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock valued at $1,395,000 after purchasing an additional 152 shares during the period. Finally, Norinchukin Bank The lifted its stake in CMS Energy by 0.9% in the 3rd quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider’s stock valued at $1,338,000 after purchasing an additional 156 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

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.