BMO Capital Markets Has Lowered Expectations for CMS Energy (NYSE:CMS) Stock Price

CMS Energy (NYSE:CMS) had its target price lowered by investment analysts at BMO Capital Markets from $77.00 to $73.00 in a report released on Tuesday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 12.27% from the stock’s previous close.

A number of other equities analysts have also issued reports on CMS. KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Weiss Ratings downgraded CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Scotiabank reiterated a “sector outperform” rating and set a $78.00 price target on shares of CMS Energy in a research report on Thursday, October 1st. Jefferies Financial Group decreased their price target on CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Tuesday, September 15th. Finally, JPMorgan Chase & Co. raised their price target on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $79.19.

CMS Energy Trading Down 0.1%

CMS Energy stock opened at $65.02 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $67.72 and a two-hundred day moving average price of $72.48. The firm has a market capitalization of $20.39 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.38 and a beta of 0.32. CMS Energy has a 52-week low of $62.28 and a 52-week high of $80.36.

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

Hedge Funds Weigh In On CMS Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC increased its holdings in CMS Energy by 3.9% in the first quarter. Kestra Private Wealth Services LLC now owns 4,596 shares of the utilities provider’s stock valued at $357,000 after purchasing an additional 174 shares during the last quarter. Lido Advisors LLC lifted its stake in CMS Energy by 1.0% in the first quarter. Lido Advisors LLC now owns 18,123 shares of the utilities provider’s stock valued at $1,406,000 after buying an additional 174 shares during the period. NewEdge Advisors LLC boosted its holdings in CMS Energy by 0.7% during the first quarter. NewEdge Advisors LLC now owns 26,328 shares of the utilities provider’s stock worth $2,043,000 after buying an additional 174 shares during the last quarter. Kera Capital Partners Inc. boosted its holdings in CMS Energy by 5.5% during the first quarter. Kera Capital Partners Inc. now owns 3,934 shares of the utilities provider’s stock worth $305,000 after buying an additional 206 shares during the last quarter. Finally, CX Institutional boosted its holdings in CMS Energy by 6.7% during the third quarter. CX Institutional now owns 4,146 shares of the utilities provider’s stock worth $262,000 after buying an additional 262 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

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.