Bank of America Increases CMS Energy (NYSE:CMS) Price Target to $88.00

CMS Energy (NYSE:CMS) had its price objective upped by analysts at Bank of America from $82.00 to $88.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Bank of America‘s target price suggests a potential upside of 14.15% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Wells Fargo & Company set a $80.00 target price on CMS Energy in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research note on Wednesday, January 21st. Truist Financial began coverage on CMS Energy in a report on Tuesday. They issued a “buy” rating and a $86.00 price target for the company. KeyCorp boosted their price target on CMS Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, UBS Group reiterated a “neutral” rating on shares of CMS Energy in a report on Friday, February 6th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $81.21.

CMS Energy Price Performance

CMS stock opened at $77.09 on Tuesday. CMS Energy has a 1 year low of $67.71 and a 1 year high of $80.36. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.98. The stock’s 50 day moving average price is $77.06 and its 200 day moving average price is $73.94. The firm has a market cap of $23.74 billion, a P/E ratio of 21.84, a PEG ratio of 2.76 and a beta of 0.43.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the company earned $0.87 EPS. CMS Energy’s revenue was up 12.3% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. On average, sell-side analysts expect that CMS Energy will post 3.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $78.23, for a total transaction of $312,920.00. Following the completion of the sale, the senior vice president directly owned 70,670 shares in the company, valued at $5,528,514.10. This represents a 5.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Diane Leopold acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $76.70 per share, with a total value of $153,400.00. Following the completion of the acquisition, the director owned 2,769 shares in the company, valued at approximately $212,382.30. The trade was a 260.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 20,664 shares of company stock valued at $1,579,506. Insiders own 0.50% of the company’s stock.

Institutional Trading of CMS Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC increased its holdings in shares of CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the last quarter. HM Payson & Co. increased its holdings in shares of CMS Energy by 65.6% during the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after buying an additional 141 shares during the last quarter. First Horizon Corp acquired a new stake in shares of CMS Energy during the 3rd quarter worth $26,000. Elyxium Wealth LLC acquired a new stake in shares of CMS Energy during the 4th quarter worth $29,000. Finally, DV Equities LLC acquired a new stake in shares of CMS Energy during the 4th quarter worth $29,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.