CMS Energy (NYSE:CMS) Cut to Sell at Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of CMS Energy (NYSE:CMS – Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday.

A number of other research firms have also recently issued reports on CMS. Wells Fargo & Company upgraded CMS Energy to a “hold” rating in a research report on Tuesday, October 28th. KeyCorp lifted their target price on CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. dropped their price objective on CMS Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, October 8th. Finally, Morgan Stanley increased their target price on CMS Energy from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Check Out Our Latest Stock Analysis on CMS

CMS Energy Stock Up 1.3%

Shares of NYSE CMS opened at $70.78 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.60 and a current ratio of 0.90. CMS Energy has a 52-week low of $63.97 and a 52-week high of $76.45. The firm has a 50 day moving average price of $73.40 and a 200 day moving average price of $72.06. The stock has a market cap of $21.54 billion, a P/E ratio of 20.46, a P/E/G ratio of 2.66 and a beta of 0.47.

CMS Energy (NYSE:CMS – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. CMS Energy’s revenue for the quarter was up 15.9% compared to the same quarter last year. CMS Energy has set its FY 2026 guidance at 3.800-3.870 EPS and its FY 2025 guidance at 3.560-3.600 EPS. Analysts expect that CMS Energy will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th were paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 7th. CMS Energy’s payout ratio is currently 62.72%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $72.47, for a total transaction of $289,880.00. Following the completion of the sale, the senior vice president directly owned 64,259 shares of the company’s stock, valued at approximately $4,656,849.73. This represents a 5.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CMS Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of CMS Energy during the 2nd quarter valued at about $238,951,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of CMS Energy by 16.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,554,877 shares of the utilities provider’s stock worth $1,243,438,000 after acquiring an additional 2,297,928 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of CMS Energy by 1,048.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,460,924 shares of the utilities provider’s stock worth $101,213,000 after buying an additional 1,333,743 shares in the last quarter. Soroban Capital Partners LP lifted its holdings in CMS Energy by 215.8% during the 2nd quarter. Soroban Capital Partners LP now owns 1,435,170 shares of the utilities provider’s stock worth $99,429,000 after buying an additional 980,733 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CMS Energy by 29.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,407,152 shares of the utilities provider’s stock valued at $255,911,000 after purchasing an additional 783,077 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Company Profile

(Get Free Report)

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

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