BMO Capital Markets Has Lowered Expectations for CMS Energy (NYSE:CMS) Stock Price

Key Points

• BMO Capital Markets lowered CMS Energy’s price target from $77 to $73 while maintaining an “outperform” rating, implying approximately 14% upside from the stock’s $64.05 price.
• Analyst sentiment remains positive overall: CMS Energy has a “Moderate Buy” consensus rating and an average price target of $80.07, based on eight Buy and six Hold ratings.
• CMS Energy slightly exceeded quarterly EPS expectations, reporting $0.37 versus the $0.36 consensus, while revenue of $1.83 billion fell short of estimates and declined 0.5% year over year.

CMS Energy (NYSE:CMS - Get Free Report) had its target price decreased by stock analysts at BMO Capital Markets from $77.00 to $73.00 in a report released on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the utilities provider's stock. BMO Capital Markets' target price indicates a potential upside of 13.98% from the company's current price.

A number of other research firms have also issued reports on CMS. Barclays boosted their target price on shares of CMS Energy from $79.00 to $81.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price target on CMS Energy from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. UBS Group reiterated a "neutral" rating and set a $84.00 price objective on shares of CMS Energy in a research report on Wednesday, July 29th. Mizuho decreased their price objective on CMS Energy from $78.00 to $77.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Finally, Jefferies Financial Group lowered their target price on CMS Energy from $78.00 to $74.00 and set a "hold" rating on the stock in a research report on Tuesday, September 15th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, CMS Energy has a consensus rating of "Moderate Buy" and an average target price of $80.07.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $64.05 on Tuesday. The company has a market cap of $20.08 billion, a PE ratio of 19.23, a P/E/G ratio of 2.33 and a beta of 0.32. CMS Energy has a fifty-two week low of $62.28 and a fifty-two week high of $80.36. The firm has a 50-day simple moving average of $68.10 and a 200 day simple moving average of $72.65. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 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 analyst estimates of $1.87 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The business'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. On average, sell-side analysts anticipate that CMS Energy will post 3.87 EPS for the current year.

Institutional Investors Weigh In On CMS Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GQG Partners LLC bought a new position in CMS Energy during the second quarter valued at about $363,388,000. Pictet Asset Management Holding SA boosted its stake in shares of CMS Energy by 16.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,166,815 shares of the utilities provider's stock worth $323,262,000 after acquiring an additional 595,564 shares in the last quarter. Magellan Asset Management Ltd acquired a new stake in shares of CMS Energy during the second quarter worth $194,237,000. Legal & General Group Plc purchased a new stake in shares of CMS Energy during the second quarter valued at $189,370,000. Finally, Dimensional Fund Advisors LP increased its stake in CMS Energy by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider's stock worth $122,657,000 after purchasing an additional 50,475 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

About CMS Energy

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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