CMS Energy (NYSE:CMS) Reaches New 52-Week Low on Analyst Downgrade

Shares of CMS Energy Corporation (NYSE:CMS) reached a new 52-week low during mid-day trading on Friday after Morgan Stanley lowered their price target on the stock from $80.00 to $79.00. Morgan Stanley currently has an equal weight rating on the stock. CMS Energy traded as low as $68.59 and last traded at $68.59, with a volume of 1395075 shares traded. The stock had previously closed at $69.83.

CMS has been the topic of a number of other research reports. BMO Capital Markets boosted their target price on shares of CMS Energy from $81.00 to $86.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Weiss Ratings cut CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Jefferies Financial Group set a $78.00 price objective on CMS Energy in a report on Thursday, July 16th. KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Finally, Mizuho lowered their target price on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.83.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the sale, 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 filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Institutional Trading of CMS Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMS. GQG Partners LLC bought a new position in CMS Energy during the 2nd quarter worth approximately $363,388,000. Norges Bank bought a new stake in shares of CMS Energy in the 4th quarter valued at $316,057,000. Magellan Asset Management Ltd bought a new stake in shares of CMS Energy in the 2nd quarter valued at $194,237,000. Legal & General Group Plc acquired a new stake in shares of CMS Energy during the second quarter worth $189,370,000. Finally, Vanguard Group Inc. raised its stake in CMS Energy by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after buying an additional 1,501,991 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

The firm has a market cap of $21.49 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.56 and a beta of 0.35. 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 business’s 50 day moving average is $73.76 and its two-hundred day moving average is $74.79.

CMS Energy (NYSE:CMS) last issued 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 for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio is presently 68.47%.

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.