CMS Energy (NYSE:CMS) Raised to “Strong-Buy” at Truist Financial

CMS Energy (NYSE:CMS) was upgraded by analysts at Truist Financial to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Williams Trading set a $80.00 price target on CMS Energy in a research note on Monday, February 9th. KeyCorp upped their price target on CMS Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Mizuho upped their price target on CMS Energy from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Morgan Stanley set a $80.00 price target on CMS Energy in a research note on Friday, February 20th. Finally, Wells Fargo & Company set a $80.00 price target on CMS Energy in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.21.

CMS Energy Trading Down 1.8%

Shares of CMS Energy stock opened at $75.63 on Monday. The firm has a market capitalization of $23.29 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 2.73 and a beta of 0.43. CMS Energy has a fifty-two week low of $67.71 and a fifty-two week 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 has a 50 day moving average of $77.10 and a 200 day moving average of $73.96.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.13 billion. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, research analysts predict that CMS Energy will post 3.86 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Scott B. Mcintosh sold 1,750 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $78.20, for a total value of $136,850.00. Following the sale, the chief accounting officer directly owned 24,223 shares in the company, valued at approximately $1,894,238.60. This trade represents a 6.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 4,000 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $78.23, for a total value of $312,920.00. Following the completion of the sale, the senior vice president owned 70,670 shares in the company, valued at approximately $5,528,514.10. The trade was a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,664 shares of company stock valued at $1,579,506 in the last three months. 0.50% of the stock is currently owned by insiders.

Institutional Trading of CMS Energy

Several hedge funds have recently modified their holdings of CMS. Bison Wealth LLC acquired a new stake in shares of CMS Energy in the fourth quarter valued at $312,000. Integrated Wealth Concepts LLC acquired a new stake in shares of CMS Energy in the first quarter valued at $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CMS Energy by 10.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock valued at $2,602,000 after acquiring an additional 3,367 shares in the last quarter. Empowered Funds LLC raised its stake in shares of CMS Energy by 22.0% in the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock valued at $510,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Woodline Partners LP raised its stake in shares of CMS Energy by 40.7% in the first quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after acquiring an additional 7,300 shares in the last quarter. 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.