CMS Energy (NYSE:CMS) Earns Buy Rating from Argus

Key Points

• Argus reaffirmed its “buy” rating on CMS Energy and set an $80 price target, implying approximately 15.7% upside from the reported share price.
• Analyst sentiment remains favorable overall, with seven “buy” ratings and six “hold” ratings; the consensus rating is “Moderate Buy” with an average price target of $81.69.
• CMS Energy’s latest quarterly earnings slightly exceeded expectations at $0.37 per share versus $0.36 expected, while revenue came in at $1.83 billion, below estimates of $1.87 billion.

CMS Energy (NYSE:CMS - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Argus in a report issued on Wednesday,Benzinga reports. They currently have a $80.00 price target on the utilities provider's stock. Argus' target price points to a potential upside of 15.70% from the stock's current price.

Other research analysts also recently issued reports about the stock. Morgan Stanley lowered their price objective on shares of CMS Energy from $80.00 to $79.00 and set an "equal weight" rating for the company in a research report on Friday, August 21st. Wall Street Zen raised shares of CMS Energy from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 5th. JPMorgan Chase & Co. boosted their price objective on CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. UBS Group restated a "neutral" rating and set a $84.00 price target on shares of CMS Energy in a report on Wednesday, July 29th. Finally, Truist Financial dropped their price target on shares of CMS Energy from $85.00 to $81.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $81.69.

CMS Energy Trading Up 0.6%

Shares of CMS Energy stock opened at $69.15 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The business's 50 day moving average is $73.44 and its 200-day moving average is $74.74. CMS Energy has a 12-month low of $67.90 and a 12-month high of $80.36. The stock has a market cap of $21.68 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.48 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm earned $0.71 EPS. 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 predict that CMS Energy will post 3.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CMS Energy

Several large investors have recently made changes to their positions in the business. California State Teachers Retirement System grew its holdings in CMS Energy by 7,677.9% during the second quarter. California State Teachers Retirement System now owns 27,390,749 shares of the utilities provider's stock valued at $2,095,392,000 after purchasing an additional 27,038,586 shares during the period. Henrickson Nauta Wealth Advisors Inc. lifted its position in shares of CMS Energy by 9.5% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,644 shares of the utilities provider's stock valued at $279,000 after buying an additional 316 shares during the last quarter. Wedmont Private Capital lifted its position in shares of CMS Energy by 13.4% during the 2nd quarter. Wedmont Private Capital now owns 8,393 shares of the utilities provider's stock valued at $633,000 after buying an additional 994 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of CMS Energy by 4.5% during the 2nd quarter. HB Wealth Management LLC now owns 33,781 shares of the utilities provider's stock worth $2,584,000 after acquiring an additional 1,465 shares during the period. Finally, Saudi Central Bank increased its holdings in CMS Energy by 91.9% in the 2nd quarter. Saudi Central Bank now owns 21,560 shares of the utilities provider's stock worth $1,649,000 after acquiring an additional 10,327 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

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.

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