Jefferies Financial Group Has Lowered Expectations for CMS Energy (NYSE:CMS) Stock Price

Key Points

• Jefferies cut its CMS Energy price target to $74 from $78 and maintained a “hold” rating, implying approximately 11.5% upside from the stock’s $66.35 price.
• Analyst sentiment remains moderately positive: CMS Energy has a consensus “Moderate Buy” rating and an average price target of $80.69, based on seven Buy and six Hold ratings.
• CMS Energy’s latest quarterly results slightly exceeded EPS expectations at $0.37, though revenue fell short of estimates and declined year over year; institutional investors own 93.57% of the company.

CMS Energy (NYSE:CMS - Get Free Report) had its target price dropped by analysts at Jefferies Financial Group from $78.00 to $74.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a "hold" rating on the utilities provider's stock. Jefferies Financial Group's price objective would indicate a potential upside of 11.53% from the company's current price.

Several other brokerages also recently commented on CMS. Truist Financial decreased their target price on shares of CMS Energy from $85.00 to $81.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Morgan Stanley cut their price target on shares of CMS Energy from $80.00 to $79.00 and set an "equal weight" rating on the stock in a report on Friday, August 21st. Argus restated a "buy" rating and issued a $80.00 price objective on shares of CMS Energy in a research report on Wednesday, August 26th. BMO Capital Markets lowered their price objective on shares of CMS Energy from $82.00 to $77.00 and set an "outperform" rating for the company in a research note on Tuesday, September 8th. Finally, Barclays increased their target price on shares of CMS Energy from $79.00 to $81.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.69.

CMS Energy Trading Down 0.7%

CMS Energy stock traded down $0.47 during mid-day trading on Tuesday, hitting $66.35. The company's stock had a trading volume of 506,123 shares, compared to its average volume of 3,208,684. The business has a 50 day moving average price of $71.25 and a 200-day moving average price of $74.05. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.67. CMS Energy has a 12 month low of $66.30 and a 12 month high of $80.36. The stock has a market cap of $20.81 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.46 and a beta of 0.34.

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 analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, analysts forecast that CMS Energy will post 3.87 EPS for the current year.

Hedge Funds Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently modified their holdings of CMS. Hantz Financial Services Inc. grew its stake in CMS Energy by 1.5% in the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider's stock worth $662,000 after purchasing an additional 143 shares during the period. Florida Financial Advisors LLC lifted its position in CMS Energy by 4.9% during the fourth quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider's stock valued at $220,000 after buying an additional 149 shares during the period. Kestra Private Wealth Services LLC lifted its position in CMS Energy by 3.9% during the first quarter. Kestra Private Wealth Services LLC now owns 4,596 shares of the utilities provider's stock valued at $357,000 after buying an additional 174 shares during the period. Lido Advisors LLC boosted its holdings in shares of CMS Energy by 1.0% during the 1st quarter. Lido Advisors LLC now owns 18,123 shares of the utilities provider's stock valued at $1,406,000 after buying an additional 174 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of CMS Energy by 0.7% in the 1st quarter. NewEdge Advisors LLC now owns 26,328 shares of the utilities provider's stock worth $2,043,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.