JPMorgan Chase & Co. Issues Positive Forecast for CMS Energy (NYSE:CMS) Stock Price

CMS Energy (NYSE:CMS) had its price target hoisted by JPMorgan Chase & Co. from $82.00 to $85.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company set a $80.00 target price on shares of CMS Energy in a report on Tuesday, April 21st. Truist Financial cut their target price on shares of CMS Energy from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Bank of America lifted their price target on CMS Energy from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings reissued a “buy (b)” rating on shares of CMS Energy in a research report on Friday, June 5th. Finally, Morgan Stanley set a $77.00 price objective on CMS Energy in a research note on Thursday, May 21st. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.92.

CMS Energy Price Performance

NYSE:CMS opened at $74.31 on Thursday. The stock has a market capitalization of $22.96 billion, a PE ratio of 20.53, a P/E/G ratio of 2.68 and a beta of 0.35. CMS Energy has a 1-year low of $68.64 and a 1-year high of $80.36. The firm has a fifty day simple moving average of $74.11 and a 200 day simple moving average of $74.57. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.02. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, research analysts expect that CMS Energy will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. CMS Energy’s payout ratio is presently 62.98%.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the transaction, the senior vice president owned 67,111 shares in the company, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

A number of large investors have recently made changes to their positions in CMS. Tema ETFs LLC boosted its stake in CMS Energy by 8.9% in the 2nd quarter. Tema ETFs LLC now owns 3,532 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 290 shares during the period. Fulton Bank N.A. increased its position in CMS Energy by 9.0% during the 2nd quarter. Fulton Bank N.A. now owns 6,337 shares of the utilities provider’s stock worth $485,000 after buying an additional 524 shares during the period. Everpar Advisors LLC bought a new position in CMS Energy during the 2nd quarter worth $375,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of CMS Energy by 8.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 53,371 shares of the utilities provider’s stock worth $4,083,000 after buying an additional 4,297 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of CMS Energy by 5.4% during the second quarter. Czech National Bank now owns 87,930 shares of the utilities provider’s stock worth $6,727,000 after buying an additional 4,478 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

About CMS Energy

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.