Morgan Stanley Has Lowered Expectations for CMS Energy (NYSE:CMS) Stock Price

Key Points

• Morgan Stanley lowered its CMS Energy price target from $80 to $79 while maintaining an “equal weight” rating, implying approximately 14% upside from the prior close.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $81.83; ratings are evenly split between Buy and Hold among 12 analysts.
• CMS Energy shares fell 0.8% to $69.27. The company slightly beat quarterly EPS expectations but reported revenue below consensus and year-over-year earnings declined.

CMS Energy (NYSE:CMS - Get Free Report) had its price objective cut by equities research analysts at Morgan Stanley from $80.00 to $79.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's target price would suggest a potential upside of 14.05% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. KeyCorp cut shares of CMS Energy from an "overweight" rating to a "sector weight" rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of CMS Energy from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 5th. UBS Group reaffirmed a "neutral" rating and issued a $84.00 target price on shares of CMS Energy in a report on Wednesday, July 29th. Barclays raised 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. Finally, BMO Capital Markets lifted their price target on CMS Energy from $81.00 to $86.00 and gave the stock an "outperform" rating in a report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $81.83.

CMS Energy Stock Down 0.8%

Shares of NYSE:CMS traded down $0.56 during trading on Friday, hitting $69.27. 319,111 shares of the company were exchanged, compared to its average volume of 3,237,474. CMS Energy has a fifty-two week low of $68.64 and a fifty-two week high of $80.36. The stock has a market cap of $21.72 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 2.56 and a beta of 0.35. 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 firm has a fifty day moving average price of $73.76 and a two-hundred day moving average price of $74.79.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 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 the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%.The firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts anticipate that CMS Energy will post 3.87 earnings per share for the current fiscal year.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $74.31, for a total value of $222,930.00. Following the transaction, the senior vice president directly owned 67,111 shares of the company's stock, valued at $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kilter Group LLC bought a new stake in shares of CMS Energy during the second quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of CMS Energy in the fourth quarter valued at approximately $29,000. DV Equities LLC bought a new position in shares of CMS Energy during the fourth quarter worth approximately $29,000. MidFirst Bank bought a new position in shares of CMS Energy during the fourth quarter worth approximately $31,000. Finally, Scarborough Advisors LLC bought a new position in shares of CMS Energy during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 93.57% of the company's stock.

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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