CMS Energy (NYSE:CMS – Free Report) had its price objective trimmed by BMO Capital Markets from $77.00 to $73.00 in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the utilities provider’s stock.
A number of other equities analysts have also commented on the stock. Argus reiterated a “buy” rating and set a $80.00 price target on shares of CMS Energy in a report on Wednesday, August 26th. Wall Street Zen upgraded CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Truist Financial lowered their target price on CMS Energy from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings downgraded CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Finally, UBS Group reiterated a “neutral” rating and issued a $84.00 price target on shares of CMS Energy in a research report on Wednesday, July 29th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.19.
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CMS Energy Stock Performance
CMS Energy (NYSE:CMS – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. Equities research analysts forecast that CMS Energy will post 3.87 EPS for the current year.
CMS Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were given a dividend of $0.57 per share. The ex-dividend date was Friday, August 7th. This represents a $2.28 annualized dividend and a dividend yield of 3.5%. CMS Energy’s dividend payout ratio is presently 68.47%.
Institutional Investors Weigh In On CMS Energy
A number of hedge funds have recently added to or reduced their stakes in the business. GQG Partners LLC bought a new position in shares of CMS Energy during the 2nd quarter worth approximately $363,388,000. Pictet Asset Management Holding SA increased its stake in shares of CMS Energy by 16.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider’s stock valued at $323,262,000 after acquiring an additional 595,564 shares in the last quarter. Magellan Asset Management Ltd acquired a new position in shares of CMS Energy during the 2nd quarter valued at $194,237,000. Legal & General Group Plc acquired a new position in shares of CMS Energy during the 2nd quarter valued at $189,370,000. Finally, Dimensional Fund Advisors LP boosted its stake in CMS Energy by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock worth $122,657,000 after acquiring an additional 50,475 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.
CMS Energy Company Profile
CMS Energy Corporation (NYSE: CMS) is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers across Michigan.
Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.
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