CMS Energy (NYSE:CMS) Price Target Cut to $71.00 by Analysts at Morgan Stanley

CMS Energy (NYSE:CMS) had its target price decreased by Morgan Stanley from $73.00 to $71.00 in a report published on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.

Other research analysts have also recently issued reports about the stock. Wolfe Research restated a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Finally, Barclays raised their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

CMS Energy Trading Down 1.0%

CMS Energy stock opened at $70.96 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. CMS Energy has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The stock has a market cap of $21.24 billion, a P/E ratio of 20.99, a PEG ratio of 2.66 and a beta of 0.39. The firm’s fifty day moving average price is $72.18 and its 200-day moving average price is $71.65.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities research analysts forecast that CMS Energy will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.1%. CMS Energy’s dividend payout ratio (DPR) is 64.20%.

Insiders Place Their Bets

In other news, SVP Lauren Y. Snyder sold 2,220 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $71.26, for a total value of $158,197.20. Following the completion of the sale, the senior vice president owned 13,512 shares of the company’s stock, valued at approximately $962,865.12. This represents a 14.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the transaction, the senior vice president owned 68,036 shares in the company, valued at approximately $5,008,810.32. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CMS Energy

A number of hedge funds and other institutional investors have recently modified their holdings of CMS. Caldwell Trust Co bought a new stake in CMS Energy in the second quarter valued at approximately $75,000. Osaic Holdings Inc. increased its stake in shares of CMS Energy by 34.4% in the second quarter. Osaic Holdings Inc. now owns 39,694 shares of the utilities provider’s stock worth $2,788,000 after buying an additional 10,168 shares during the period. Orion Porfolio Solutions LLC raised its holdings in CMS Energy by 27.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 47,577 shares of the utilities provider’s stock valued at $3,296,000 after buying an additional 10,212 shares during the last quarter. Squarepoint Ops LLC raised its holdings in CMS Energy by 53.7% during the 2nd quarter. Squarepoint Ops LLC now owns 123,279 shares of the utilities provider’s stock valued at $8,541,000 after buying an additional 43,062 shares during the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new stake in CMS Energy during the 2nd quarter valued at $820,000. Institutional investors own 93.57% of the company’s stock.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.