Morgan Stanley Has Lowered Expectations for CMS Energy (NYSE:CMS) Stock Price

CMS Energy (NYSE:CMS) had its target price dropped by research analysts at Morgan Stanley from $77.00 to $73.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 6.63% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. Jefferies Financial Group cut their price objective on shares of CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Tuesday, September 15th. UBS Group reissued a “neutral” rating and set a $84.00 price target on shares of CMS Energy in a research note on Wednesday, July 29th. Royal Bank Of Canada set a $73.00 target price on shares of CMS Energy in a research report on Tuesday, October 6th. Finally, Wall Street Zen raised CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.31.

CMS Energy Price Performance

Shares of NYSE:CMS traded up $0.04 on Wednesday, hitting $68.46. The company had a trading volume of 706,356 shares, compared to its average volume of 3,347,155. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. CMS Energy has a 52-week low of $62.28 and a 52-week high of $80.36. The business has a 50 day moving average of $66.94 and a 200 day moving average of $71.88. The company has a market cap of $21.47 billion, a PE ratio of 20.55, a PEG ratio of 2.46 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 analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, equities analysts anticipate that CMS Energy will post 3.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. GQG Partners LLC acquired a new stake in CMS Energy in the second quarter valued at $363,388,000. Magellan Asset Management Ltd bought a new stake in CMS Energy in the second quarter valued at about $194,237,000. Legal & General Group Plc acquired a new stake in CMS Energy during the second quarter valued at approximately $189,370,000. Hsbc Holdings PLC acquired a new stake in CMS Energy during the second quarter valued at approximately $91,344,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CMS Energy during the second quarter valued at approximately $58,830,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.