CMS Energy (NYSE:CMS) Given New $72.00 Price Target at Barclays

CMS Energy (NYSE:CMS) had its target price cut by equities research analysts at Barclays from $81.00 to $72.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target would indicate a potential upside of 4.61% from the stock’s current price.

Several other analysts have also issued reports on the company. Argus reiterated a “buy” rating and set a $80.00 target price on shares of CMS Energy in a report on Wednesday, August 26th. Morgan Stanley decreased their price target on CMS Energy from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. KeyCorp downgraded shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 5th. Finally, Mizuho reduced their target price 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. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.38.

CMS Energy Trading Up 2.8%

CMS traded up $1.89 during midday trading on Friday, reaching $68.83. 5,239,724 shares of the company were exchanged, compared to its average volume of 3,340,671. The stock has a market capitalization of $21.58 billion, a P/E ratio of 20.66, a PEG ratio of 2.44 and a beta of 0.32. CMS Energy has a one year low of $62.28 and a one year high of $80.36. The stock’s 50-day simple moving average is $67.05 and its 200 day simple moving average is $72.08. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94.

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

Institutional Investors Weigh In On CMS Energy

Large investors have recently added to or reduced their stakes in the business. Nykredit A S acquired a new stake in CMS Energy in the second quarter worth $1,372,000. Assenagon Asset Management S.A. raised its holdings in shares of CMS Energy by 10,463.3% during the second quarter. Assenagon Asset Management S.A. now owns 518,237 shares of the utilities provider’s stock valued at $39,645,000 after purchasing an additional 513,331 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of CMS Energy during the second quarter valued at about $2,106,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of CMS Energy by 28.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,324 shares of the utilities provider’s stock valued at $79,389,000 after purchasing an additional 227,795 shares during the period. Finally, Energy Income Partners LLC bought a new position in shares of CMS Energy during the 2nd quarter worth about $53,709,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

About CMS Energy

CMS Energy Corporation (NYSE: CMS) is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers across Michigan.

Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.