CMS Energy (NYSE:CMS) Price Target Lowered to $74.00 at Wells Fargo & Company

CMS Energy (NYSE:CMS) had its price target lowered by Wells Fargo & Company from $77.00 to $74.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

CMS has been the subject of several other reports. UBS Group decreased their price objective on shares of CMS Energy from $81.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Barclays cut their target price on CMS Energy from $82.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Morgan Stanley lifted their price target on CMS Energy from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.42.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $71.34 on Tuesday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.60 and a current ratio of 0.90. CMS Energy has a 1 year low of $65.10 and a 1 year high of $76.45. The firm’s 50-day simple moving average is $71.53 and its 200-day simple moving average is $72.16. The firm has a market cap of $21.71 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.55 and a beta of 0.49.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the company posted $0.84 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS and its FY 2025 guidance at 3.560-3.600 EPS. Equities analysts forecast that CMS Energy will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $72.47, for a total transaction of $289,880.00. Following the completion of the sale, the senior vice president directly owned 64,259 shares in the company, valued at approximately $4,656,849.73. This trade represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Several large investors have recently made changes to their positions in CMS. HM Payson & Co. raised its holdings in CMS Energy by 65.6% in the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 141 shares during the period. Private Trust Co. NA grew its position in shares of CMS Energy by 10.1% in the third quarter. Private Trust Co. NA now owns 1,562 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 143 shares during the last quarter. Tobam grew its position in shares of CMS Energy by 35.0% in the second quarter. Tobam now owns 559 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 145 shares during the last quarter. Covestor Ltd increased its stake in shares of CMS Energy by 52.0% in the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 145 shares during the period. Finally, Cim LLC lifted its position in shares of CMS Energy by 0.8% during the 3rd quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock worth $1,395,000 after purchasing an additional 152 shares during 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.