CMS Energy (NYSE:CMS) Given “Outperform” Rating at BMO Capital Markets

BMO Capital Markets reissued their outperform rating on shares of CMS Energy (NYSE:CMS) in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a $80.00 target price on the utilities provider’s stock, up from their prior target price of $79.00.

A number of other research analysts have also recently weighed in on CMS. Weiss Ratings reiterated a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, January 21st. Jefferies Financial Group upped their price target on shares of CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Barclays dropped 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. Finally, UBS Group reiterated a “neutral” rating on shares of CMS Energy in a report on Friday. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $78.43.

CMS Energy Trading Down 0.0%

Shares of NYSE CMS opened at $72.82 on Monday. CMS Energy has a 1-year low of $67.71 and a 1-year high of $76.45. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.34 and a quick ratio of 0.60. The business’s 50 day moving average is $70.80 and its two-hundred day moving average is $72.21. The stock has a market capitalization of $22.16 billion, a P/E ratio of 20.63, a PEG ratio of 2.59 and a beta of 0.47.

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

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.1%. This is an increase from CMS Energy’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, February 17th. CMS Energy’s payout ratio is currently 61.47%.

Hedge Funds Weigh In On CMS Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. AE Wealth Management LLC raised its stake in CMS Energy by 5.8% in the third quarter. AE Wealth Management LLC now owns 244,165 shares of the utilities provider’s stock valued at $17,888,000 after buying an additional 13,481 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of CMS Energy by 379.3% during the third quarter. Benjamin Edwards Inc. now owns 61,861 shares of the utilities provider’s stock worth $4,532,000 after acquiring an additional 48,954 shares during the last quarter. Venture Visionary Partners LLC increased its holdings in shares of CMS Energy by 769.5% during the third quarter. Venture Visionary Partners LLC now owns 27,521 shares of the utilities provider’s stock valued at $2,016,000 after acquiring an additional 24,356 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of CMS Energy by 64.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 76,654 shares of the utilities provider’s stock valued at $5,616,000 after purchasing an additional 30,061 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its stake in CMS Energy by 9.5% in the 3rd quarter. Intact Investment Management Inc. now owns 81,700 shares of the utilities provider’s stock worth $5,985,000 after purchasing an additional 7,100 shares in the last quarter. 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.