CMS Energy (NYSE:CMS) Stock Price Target Lowered at Morgan Stanley

Key Points

• Morgan Stanley lowered CMS Energy’s price target from $77 to $73 while maintaining an “equal weight” rating, implying 6.63% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $78.31 based on seven Buy and seven Hold ratings.
• CMS Energy shares rose 0.1% to $68.46, while the company slightly exceeded quarterly EPS expectations but reported revenue below estimates and a 0.5% year-over-year decline.

CMS Energy (NYSE:CMS - Get Free Report) had its price objective decreased by investment analysts at Morgan Stanley from $77.00 to $73.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's price target indicates a potential upside of 6.63% from the company's previous close.

A number of other research analysts have also issued reports on CMS. UBS Group reiterated a "neutral" rating and issued a $84.00 target price on shares of CMS Energy in a report on Wednesday, July 29th. KeyCorp downgraded CMS Energy from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 23rd. Mizuho reduced their price target on CMS Energy from $78.00 to $77.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Truist Financial reduced their price target on CMS Energy from $81.00 to $77.00 and set a "buy" rating on the stock in a research report on Wednesday, October 14th. Finally, BMO Capital Markets lifted their price objective on CMS Energy from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.31.

CMS Energy Stock Up 0.1%

Shares of NYSE CMS traded up $0.04 during midday trading on Wednesday, hitting $68.46. The company's stock had a trading volume of 706,356 shares, compared to its average volume of 3,347,155. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 2.46 and a beta of 0.32. The business's fifty day simple moving average is $66.94 and its two-hundred day simple moving average is $71.88. CMS Energy has a 1 year low of $62.28 and a 1 year high of $80.36.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm's quarterly 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 analysts predict that CMS Energy will post 3.87 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its position in CMS Energy by 10,463.3% during the second quarter. Assenagon Asset Management S.A. now owns 518,237 shares of the utilities provider's stock worth $39,645,000 after acquiring an additional 513,331 shares during the last quarter. Nykredit A S purchased a new stake in shares of CMS Energy in the second quarter valued at about $1,372,000. Jefferies Financial Group Inc. acquired a new stake in shares of CMS Energy in the second quarter valued at approximately $2,106,000. Energy Income Partners LLC acquired a new stake in shares of CMS Energy in the second quarter valued at approximately $53,709,000. Finally, Mattern Capital Management LLC increased its stake in shares of CMS Energy by 32.3% during the 1st quarter. Mattern Capital Management LLC now owns 159,660 shares of the utilities provider's stock worth $12,386,000 after purchasing an additional 38,952 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Company Profile

CMS Energy Corporation 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 throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.

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