JPMorgan Chase & Co. Increases CMS Energy (NYSE:CMS) Price Target to $85.00

CMS Energy (NYSE:CMS) had its target price lifted by analysts at JPMorgan Chase & Co. from $82.00 to $85.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 14.68% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Morgan Stanley set a $77.00 price target on shares of CMS Energy in a report on Thursday, May 21st. Wells Fargo & Company set a $80.00 price target on CMS Energy in a research report on Tuesday, April 21st. KeyCorp reiterated an “overweight” rating and issued a $83.00 price objective on shares of CMS Energy in a research note on Monday, June 8th. Finally, BMO Capital Markets decreased their target price on CMS Energy from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.92.

CMS Energy Stock Performance

Shares of CMS stock traded up $0.10 during trading on Thursday, reaching $74.12. The company had a trading volume of 1,590,597 shares, compared to its average volume of 3,102,348. The firm’s 50 day simple moving average is $74.10 and its two-hundred day simple moving average is $74.54. CMS Energy has a one year low of $68.64 and a one year high of $80.36. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. The company has a market capitalization of $22.90 billion, a PE ratio of 20.47, a PEG ratio of 2.72 and a beta of 0.35.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. CMS Energy had a return on equity of 12.17% and a net margin of 12.55%.The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. Sell-side analysts forecast that CMS Energy will post 3.87 earnings per share for the current year.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total transaction of $222,930.00. Following the transaction, the senior vice president owned 67,111 shares in the company, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CMS Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in shares of CMS Energy by 3.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider’s stock worth $298,000 after buying an additional 137 shares in the last quarter. Hantz Financial Services Inc. boosted its position in CMS Energy by 1.5% during the 4th quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider’s stock worth $662,000 after acquiring an additional 143 shares during the last quarter. Florida Financial Advisors LLC grew its stake in shares of CMS Energy by 4.9% during the 4th quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 149 shares in the last quarter. Cim LLC grew its stake in shares of CMS Energy by 0.8% during the 3rd quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock worth $1,395,000 after acquiring an additional 152 shares in the last quarter. Finally, Norinchukin Bank The raised its holdings in shares of CMS Energy by 0.9% in the third quarter. Norinchukin Bank The now owns 18,258 shares of the utilities provider’s stock valued at $1,338,000 after purchasing an additional 156 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

About CMS Energy

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.