CMS Energy (NYSE:CMS) Given New $86.00 Price Target at BMO Capital Markets

CMS Energy (NYSE:CMS) had its price objective hoisted by BMO Capital Markets from $80.00 to $86.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an outperform rating on the utilities provider’s stock.

A number of other analysts have also weighed in on the stock. Mizuho upped their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Morgan Stanley set a $80.00 price target on shares of CMS Energy in a report on Friday, February 20th. Bank of America set a $82.00 price target on shares of CMS Energy in a report on Friday, January 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, January 21st. Finally, Jefferies Financial Group increased their price target on shares of CMS Energy from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

CMS Energy Stock Performance

CMS Energy stock opened at $78.36 on Monday. The firm’s 50 day simple moving average is $76.51 and its 200 day simple moving average is $73.75. The company has a current ratio of 0.98, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $24.13 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.81 and a beta of 0.43. CMS Energy has a 1-year low of $67.71 and a 1-year high of $80.36.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.13 billion. CMS Energy had a net margin of 12.54% and a return on equity of 12.09%. CMS Energy’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 EPS. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, analysts expect that CMS Energy will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.57 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.9%. CMS Energy’s dividend payout ratio is currently 64.59%.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 1,750 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $78.20, for a total value of $136,850.00. Following the completion of the sale, the chief accounting officer owned 24,223 shares of the company’s stock, valued at approximately $1,894,238.60. This represents a 6.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diane Leopold acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average cost of $76.70 per share, with a total value of $153,400.00. Following the purchase, the director directly owned 2,769 shares in the company, valued at $212,382.30. This represents a 260.08% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 20,664 shares of company stock worth $1,579,506 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in CMS Energy during the 4th quarter valued at $316,057,000. Vanguard Group Inc. boosted its position in CMS Energy by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after buying an additional 1,501,991 shares during the period. Pictet Asset Management Holding SA boosted its position in CMS Energy by 70.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock valued at $249,738,000 after buying an additional 1,481,779 shares during the period. Parnassus Investments LLC purchased a new stake in CMS Energy during the 4th quarter valued at $102,983,000. Finally, Soroban Capital Partners LP boosted its position in CMS Energy by 215.8% during the 2nd quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock valued at $99,429,000 after buying an additional 980,733 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.