CMS Energy (NYSE:CMS) Stock Gets Price Target Cut from Barclays

CMS Energy (NYSE:CMS) had its price target trimmed by Barclays from $81.00 to $72.00 in a report published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

Several other analysts also recently issued reports on the company. Argus reissued a “buy” rating and issued a $80.00 price target on shares of CMS Energy in a research note on Wednesday, August 26th. Scotiabank reaffirmed a “sector outperform” rating and set a $78.00 price objective on shares of CMS Energy in a research report on Thursday, October 1st. BMO Capital Markets decreased their price objective on CMS Energy from $77.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. UBS Group reiterated a “neutral” rating and set a $84.00 price objective on shares of CMS Energy in a report on Wednesday, July 29th. Finally, Morgan Stanley dropped their target price on CMS Energy from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and a consensus target price of $78.38.

CMS Energy Trading Up 0.2%

Shares of NYSE:CMS opened at $68.83 on Friday. CMS Energy has a 12 month low of $62.28 and a 12 month high of $80.36. 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 company’s fifty day simple moving average is $67.00 and its 200 day simple moving average is $72.02. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.51 and a beta of 0.32.

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 the consensus estimate of $0.36 by $0.01. The business had revenue of $1.83 billion for 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%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts forecast that CMS Energy will post 3.87 EPS for the current fiscal year.

Institutional Investors Weigh In On CMS Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMS. IFP Advisors Inc grew its holdings in shares of CMS Energy by 626.8% during the 3rd quarter. IFP Advisors Inc now owns 7,094 shares of the utilities provider’s stock worth $447,000 after purchasing an additional 6,118 shares in the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of CMS Energy by 80.4% in the third quarter. Frank Rimerman Advisors LLC now owns 12,541 shares of the utilities provider’s stock worth $791,000 after purchasing an additional 5,588 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of CMS Energy by 2,679.2% in the third quarter. Vontobel Holding Ltd. now owns 92,132 shares of the utilities provider’s stock worth $5,812,000 after purchasing an additional 88,817 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of CMS Energy by 928.0% in the third quarter. TD Waterhouse Canada Inc. now owns 33,173 shares of the utilities provider’s stock worth $2,093,000 after purchasing an additional 29,946 shares during the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in CMS Energy in the third quarter valued at $3,051,000. 93.57% of the stock is owned by institutional investors.

About CMS Energy

CMS Energy Corporation 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 throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.