CMS Energy (NYSE:CMS) Sets New 12-Month Low – Here’s What Happened

CMS Energy Corporation (NYSE:CMS) hit a new 52-week low during trading on Friday . The company traded as low as $67.18 and last traded at $67.1780, with a volume of 1636785 shares trading hands. The stock had previously closed at $67.68.

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of research reports. Weiss Ratings cut shares of CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. BMO Capital Markets dropped their price objective on shares of CMS Energy from $82.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday. Morgan Stanley reduced their target price on CMS Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Finally, JPMorgan Chase & Co. increased their target price on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

CMS Energy Stock Down 0.7%

The firm’s 50 day moving average is $71.44 and its 200-day moving average is $74.14. The firm has a market cap of $21.07 billion, a PE ratio of 20.17, a P/E/G ratio of 2.46 and a beta of 0.34. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

CMS Energy (NYSE:CMS) last released 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 revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, equities research analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.4%. CMS Energy’s payout ratio is currently 68.47%.

Hedge Funds Weigh In On CMS Energy

Large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in CMS Energy by 7,677.9% during the second quarter. California State Teachers Retirement System now owns 27,390,749 shares of the utilities provider’s stock worth $2,095,392,000 after buying an additional 27,038,586 shares during the period. GQG Partners LLC acquired a new stake in shares of CMS Energy in the second quarter worth $363,388,000. Norges Bank purchased a new position in shares of CMS Energy in the 4th quarter valued at $316,057,000. Magellan Asset Management Ltd purchased a new position in shares of CMS Energy in the 2nd quarter valued at $194,237,000. Finally, Legal & General Group Plc acquired a new position in shares of CMS Energy during the 2nd quarter valued at $189,370,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

About CMS Energy

CMS Energy Corporation (NYSE:CMS) is an energy company headquartered in Jackson, Michigan. Its principal subsidiary, Consumers Energy, is a regulated utility that provides electric and natural gas service to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains a diverse energy infrastructure that includes electric generation, transmission and distribution systems, as well as natural gas storage and distribution networks. The company is also investing in renewable energy and other technologies intended to support a cleaner and more reliable energy system, while continuing to serve customers across Michigan’s Lower Peninsula.

CMS Energy traces its history to the Consumers Power Company, which was founded in 1886.