CMS Energy (NYSE:CMS) Price Target Lowered to $77.00 at Morgan Stanley

Key Points

• Morgan Stanley lowered CMS Energy’s price target to $77 from $79 while maintaining an “equal weight” rating, implying roughly 17% upside from the cited share price.
• Analyst sentiment remains generally positive: CMS Energy has a consensus “Moderate Buy” rating and an average price target of $80.54, based on seven Buy and six Hold ratings.
• CMS Energy slightly beat quarterly EPS expectations at $0.37 versus $0.36, though revenue of $1.83 billion fell short of estimates and declined 0.5% year over year. Institutional investors own 93.57% of the company.

CMS Energy (NYSE:CMS - Get Free Report) had its target price reduced by equities researchers at Morgan Stanley from $79.00 to $77.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's target price indicates a potential upside of 17.19% from the company's current price.

CMS has been the subject of a number of other reports. BMO Capital Markets dropped their price target on CMS Energy from $82.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, September 8th. 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. Jefferies Financial Group lowered their price objective on CMS Energy from $78.00 to $74.00 and set a "hold" rating on the stock in a research note on Tuesday. Argus restated a "buy" rating and issued a $80.00 target price on shares of CMS Energy in a report on Wednesday, August 26th. Finally, Barclays raised their target price on CMS Energy from $79.00 to $81.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, CMS Energy currently has a consensus rating of "Moderate Buy" and an average price target of $80.54.

CMS Energy Stock Performance

NYSE:CMS opened at $65.71 on Friday. The company's 50-day moving average price is $70.64 and its 200-day moving average price is $73.82. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The company has a market cap of $20.60 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.41 and a beta of 0.34. CMS Energy has a twelve month low of $65.67 and a twelve month high of $80.36.

CMS Energy (NYSE:CMS - Get Free Report) last announced 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. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. CMS Energy's revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, sell-side analysts forecast that CMS Energy will post 3.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

CMS Energy Company Profile

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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