Barclays Issues Pessimistic Forecast for CMS Energy (NYSE:CMS) Stock Price

CMS Energy (NYSE:CMS) had its price target reduced by Barclays from $81.00 to $72.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target points to a potential upside of 4.61% from the company’s current price.

A number of other equities research analysts have also recently commented on CMS. Morgan Stanley lowered their target price on CMS Energy from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, September 18th. BMO Capital Markets dropped their target price on CMS Energy from $77.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Argus reaffirmed a “buy” rating and issued a $80.00 price target on shares of CMS Energy in a report on Wednesday, August 26th. Capital One Financial set a $73.00 price target on CMS Energy in a research report on Tuesday, October 6th. Finally, Scotiabank reiterated a “sector outperform” rating and set a $78.00 price objective on shares of CMS Energy in a research note on Thursday, October 1st. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.38.

CMS Energy Stock Up 2.8%

Shares of NYSE:CMS traded up $1.89 during trading on Friday, reaching $68.83. 5,239,724 shares of the stock were exchanged, compared to its average volume of 3,340,671. CMS Energy has a 1-year low of $62.28 and a 1-year high of $80.36. The stock has a fifty day moving average of $67.05 and a two-hundred day moving average of $72.08. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The firm has a market cap of $21.58 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 2.44 and a beta of 0.32.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GQG Partners LLC bought a new position in shares of CMS Energy in the 2nd quarter worth about $363,388,000. Pictet Asset Management Holding SA increased its stake in CMS Energy by 16.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after purchasing an additional 595,564 shares in the last quarter. Magellan Asset Management Ltd purchased a new position in CMS Energy in the second quarter worth about $194,237,000. Legal & General Group Plc bought a new stake in shares of CMS Energy in the 2nd quarter worth $189,370,000. Finally, Dimensional Fund Advisors LP increased its holdings in CMS Energy by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock worth $122,657,000 after buying an additional 50,475 shares in the last quarter. Hedge funds and other institutional investors 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.