Jefferies Financial Group Cuts CMS Energy (NYSE:CMS) Price Target to $74.00

by · The Cerbat Gem

CMS Energy (NYSE:CMS – Free Report) had its price objective reduced by Jefferies Financial Group from $78.00 to $74.00 in a research note published on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the utilities provider’s stock.

Other research analysts have also recently issued research reports about the stock. Barclays upped their target price on shares of CMS Energy from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Truist Financial decreased their price objective 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. KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 23rd. Argus reaffirmed a “buy” rating and set a $80.00 price target on shares of CMS Energy in a report on Wednesday, August 26th. Finally, BMO Capital Markets dropped their price objective on shares of CMS Energy from $82.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 8th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.69.

Check Out Our Latest Analysis on CMS

CMS Energy Stock Up 0.3%

CMS stock opened at $66.21 on Tuesday. The company’s 50 day moving average price is $70.64 and its 200 day moving average price is $73.82. The firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 2.41 and a beta of 0.34. CMS Energy has a fifty-two week low of $65.67 and a fifty-two week high of $80.36. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94.

CMS Energy (NYSE:CMS – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The firm’s revenue was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, equities research analysts anticipate that CMS Energy will post 3.87 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders 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 dividend on an annualized basis and a yield of 3.4%. CMS Energy’s payout ratio is presently 68.47%.

Institutional Trading of CMS Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC raised its stake in CMS Energy by 70.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 25,801 shares of the utilities provider’s stock valued at $1,974,000 after purchasing an additional 10,648 shares during the last quarter. National Pension Service raised its position in shares of CMS Energy by 69.3% in the second quarter. National Pension Service now owns 42,256 shares of the utilities provider’s stock valued at $3,233,000 after buying an additional 17,290 shares during the last quarter. Cidel Asset Management Inc. raised its position in shares of CMS Energy by 1.9% in the second quarter. Cidel Asset Management Inc. now owns 405,656 shares of the utilities provider’s stock valued at $31,033,000 after buying an additional 7,524 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of CMS Energy by 88.5% during the second quarter. Integrated Wealth Concepts LLC now owns 11,164 shares of the utilities provider’s stock valued at $854,000 after buying an additional 5,240 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of CMS Energy by 4.8% during the second quarter. NewEdge Advisors LLC now owns 27,585 shares of the utilities provider’s stock valued at $2,110,000 after buying an additional 1,257 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

About CMS Energy

(Get Free Report)

CMS Energy Corporation (NYSE:CMS) is an energy company headquartered in Jackson, Michigan. Its principal subsidiary, Consumers Energy, is a regulated utility that provides electric and natural gas service to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains a diverse energy infrastructure that includes electric generation, transmission and distribution systems, as well as natural gas storage and distribution networks. The company is also investing in renewable energy and other technologies intended to support a cleaner and more reliable energy system, while continuing to serve customers across Michigan’s Lower Peninsula.

CMS Energy traces its history to the Consumers Power Company, which was founded in 1886.

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