CMS Energy (NYSE:CMS) Hits New 12-Month Low – What’s Next?

Shares of CMS Energy Corporation (NYSE:CMS) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $67.18 and last traded at $67.1780, with a volume of 1636785 shares changing hands. The stock had previously closed at $67.68.

Wall Street Analyst Weigh In

CMS has been the subject of several recent research reports. Jefferies Financial Group set a $78.00 target price on shares of CMS Energy in a research report on Thursday, July 16th. Mizuho decreased their price objective on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. KeyCorp downgraded CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Argus reissued a “buy” rating and issued a $80.00 target price on shares of CMS Energy in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. increased their target price on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

CMS Energy Trading Down 0.7%

The company has a market capitalization of $21.07 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.49 and a beta of 0.34. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The company’s fifty day simple moving average is $71.65 and its two-hundred day simple moving average is $74.19.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Research analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 7th. CMS Energy’s dividend payout ratio is 68.47%.

Hedge Funds Weigh In On CMS Energy

Several institutional investors have recently modified their holdings of CMS. Kilter Group LLC acquired a new position in shares of CMS Energy in the 2nd quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new stake in CMS Energy during the 4th quarter worth approximately $29,000. DV Equities LLC acquired a new stake in CMS Energy during the 4th quarter worth approximately $29,000. MidFirst Bank bought a new position in CMS Energy in the fourth quarter valued at approximately $31,000. Finally, Scarborough Advisors LLC bought a new position in CMS Energy in the first quarter valued at approximately $31,000. Institutional investors own 93.57% of the company’s stock.

About CMS Energy

CMS Energy Corporation (NYSE:CMS) is an energy company headquartered in Jackson, Michigan. Its principal subsidiary, Consumers Energy, is a regulated utility that provides electric and natural gas service to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains a diverse energy infrastructure that includes electric generation, transmission and distribution systems, as well as natural gas storage and distribution networks. The company is also investing in renewable energy and other technologies intended to support a cleaner and more reliable energy system, while continuing to serve customers across Michigan’s Lower Peninsula.

CMS Energy traces its history to the Consumers Power Company, which was founded in 1886.