CMS Energy (NYSE:CMS) Reaches New 52-Week Low – Here’s What Happened

CMS Energy Corporation (NYSE:CMS) shares reached a new 52-week low on Monday . The company traded as low as $67.75 and last traded at $67.81, with a volume of 1796 shares traded. The stock had previously closed at $68.21.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets lifted their price objective on CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Jefferies Financial Group set a $78.00 target price on CMS Energy in a report on Thursday, July 16th. Argus restated a “buy” rating and issued a $80.00 price target on shares of CMS Energy in a research report on Wednesday, August 26th. KeyCorp downgraded CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. Finally, UBS Group reiterated a “neutral” rating and issued a $84.00 price objective on shares of CMS Energy in a research report on Wednesday, July 29th. Seven equities 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 has a consensus rating of “Moderate Buy” and an average price target of $81.69.

CMS Energy Stock Performance

The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 2.47 and a beta of 0.35. The stock has a fifty day moving average price of $73.16 and a two-hundred day moving average price of $74.65. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

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

CMS Energy Dividend Announcement

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

Institutional Investors Weigh In On CMS Energy

A number of hedge funds and other institutional investors have recently modified their holdings of CMS. California State Teachers Retirement System lifted its stake in shares of CMS Energy by 7,677.9% during the second quarter. California State Teachers Retirement System now owns 27,390,749 shares of the utilities provider’s stock valued at $2,095,392,000 after buying an additional 27,038,586 shares during the period. GQG Partners LLC purchased a new stake in CMS Energy in the 2nd quarter worth approximately $363,388,000. Norges Bank purchased a new stake in CMS Energy in the 4th quarter worth approximately $316,057,000. Magellan Asset Management Ltd acquired a new position in CMS Energy in the 2nd quarter valued at $194,237,000. Finally, Legal & General Group Plc acquired a new position in CMS Energy in the 2nd quarter valued at $189,370,000. 93.57% of the stock is currently owned by hedge funds and other 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.