Brokerages Set CMS Energy Corporation (NYSE:CMS) Target Price at $81.67

Shares of CMS Energy Corporation (NYSE:CMS) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $81.6667.

Several analysts have recently commented on the stock. Jefferies Financial Group set a $78.00 target price on shares of CMS Energy in a research note on Thursday, July 16th. Bank of America boosted their price target on shares of CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Truist Financial cut their price target on shares of CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. BMO Capital Markets raised their price objective on shares of CMS Energy from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. lifted their price objective on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 26th. The stock was 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. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CMS Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CMS. Kilter Group LLC acquired a new position in shares of CMS Energy during the 2nd quarter worth $26,000. Sound Income Strategies LLC lifted its stake in shares of CMS Energy by 84.4% in the fourth quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy in the first quarter valued at about $31,000. Elyxium Wealth LLC purchased a new stake in CMS Energy during the fourth quarter worth about $29,000. Finally, DV Equities LLC purchased a new stake in CMS Energy during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Up 0.7%

NYSE:CMS opened at $70.48 on Friday. CMS Energy has a 12-month low of $68.64 and a 12-month high of $80.36. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The stock’s 50 day simple moving average is $73.91 and its 200-day simple moving average is $74.82. The firm has a market cap of $22.10 billion, a P/E ratio of 21.17, a PEG ratio of 2.54 and a beta of 0.35.

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

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.

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.