Morgan Stanley Cuts CMS Energy (NYSE:CMS) Price Target to $79.00

CMS Energy (NYSE:CMS) had its target price decreased by Morgan Stanley from $80.00 to $79.00 in a research note issued to investors on Friday, Marketbeat.com reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.

A number of other equities analysts have also issued reports on the stock. Truist Financial decreased their target price on shares of CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. JPMorgan Chase & Co. upped their price target on shares of CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Mizuho decreased their price objective on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Finally, KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and an average target price of $81.83.

CMS Energy Trading Up 0.2%

Shares of CMS stock opened at $68.41 on Friday. 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 has a 1 year low of $68.25 and a 1 year high of $80.36. The stock has a fifty day moving average of $73.65 and a two-hundred day moving average of $74.78. The firm has a market capitalization of $21.45 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.47 and a beta of 0.35.

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

CMS Energy Dividend Announcement

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

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the transaction, the senior vice president owned 67,111 shares of the company’s stock, valued at $4,987,018.41. The trade was a 4.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Institutional Trading of CMS Energy

A number of large investors have recently added to or reduced their stakes in CMS. Henrickson Nauta Wealth Advisors Inc. grew its position in CMS Energy by 9.5% in the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,644 shares of the utilities provider’s stock worth $279,000 after buying an additional 316 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of CMS Energy by 13.4% in the second quarter. Wedmont Private Capital now owns 8,393 shares of the utilities provider’s stock valued at $633,000 after buying an additional 994 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of CMS Energy by 4.5% during the 2nd quarter. HB Wealth Management LLC now owns 33,781 shares of the utilities provider’s stock valued at $2,584,000 after acquiring an additional 1,465 shares during the last quarter. Saudi Central Bank lifted its position in shares of CMS Energy by 91.9% during the 2nd quarter. Saudi Central Bank now owns 21,560 shares of the utilities provider’s stock valued at $1,649,000 after acquiring an additional 10,327 shares during the last quarter. Finally, Syon Capital LLC boosted its stake in shares of CMS Energy by 33.3% during the 2nd quarter. Syon Capital LLC now owns 8,781 shares of the utilities provider’s stock worth $672,000 after acquiring an additional 2,196 shares in the last quarter. 93.57% of the stock is currently 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.