CMS Energy (NYSE:CMS) Sets New 52-Week High – What’s Next?

CMS Energy Corporation (NYSE:CMS)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $78.81 and last traded at $78.6170, with a volume of 179045 shares trading hands. The stock had previously closed at $78.27.

Analysts Set New Price Targets

CMS has been the subject of a number of research analyst reports. Barclays lifted their target price on CMS Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. UBS Group restated a “neutral” rating on shares of CMS Energy in a research note on Friday, February 6th. Williams Trading set a $80.00 target price on CMS Energy in a research report on Monday, February 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, January 21st. Finally, BMO Capital Markets restated an “outperform” rating and set a $80.00 price objective (up from $79.00) on shares of CMS Energy in a report on Monday, February 9th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.38.

CMS Energy Trading Up 0.5%

The company has a quick ratio of 0.76, a current ratio of 0.98 and a debt-to-equity ratio of 1.89. The firm’s 50-day moving average price is $73.91 and its 200 day moving average price is $72.85. The company has a market capitalization of $24.11 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.76 and a beta of 0.46.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, equities research analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, February 17th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.54. CMS Energy’s dividend payout ratio (DPR) is currently 64.59%.

Insider Activity

In other news, CAO Scott B. Mcintosh sold 1,750 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $78.20, for a total value of $136,850.00. Following the transaction, the chief accounting officer owned 24,223 shares in the company, valued at $1,894,238.60. The trade was a 6.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the transaction, the senior vice president directly owned 70,670 shares of the company’s stock, valued at approximately $5,528,514.10. This represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,664 shares of company stock valued at $1,579,506 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CMS. Vanguard Group Inc. grew its stake in CMS Energy by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after purchasing an additional 1,501,991 shares during the period. Geode Capital Management LLC raised its stake in shares of CMS Energy by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 8,323,146 shares of the utilities provider’s stock worth $579,902,000 after purchasing an additional 183,589 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of CMS Energy by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,900,632 shares of the utilities provider’s stock worth $358,865,000 after buying an additional 128,860 shares during the last quarter. Norges Bank bought a new position in CMS Energy during the fourth quarter valued at about $316,057,000. Finally, Pictet Asset Management Holding SA increased its holdings in CMS Energy by 70.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock worth $249,738,000 after buying an additional 1,481,779 shares during the last quarter. Hedge funds and other 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.