CMS Energy (NYSE:CMS) Hits New 52-Week Low - What's Next?

Key Points

• CMS Energy shares fell to a new 52-week low of $65.67, below both the 50-day moving average of $70.82 and the 200-day average of $73.90.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $80.69, despite several recent target reductions.
• The company reported quarterly EPS of $0.37, slightly above estimates, and maintains a $0.57 quarterly dividend, equivalent to a 3.5% annual yield; institutional investors own 93.57% of the stock.

Shares of CMS Energy Corporation (NYSE:CMS - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $65.67 and last traded at $65.9950, with a volume of 2050103 shares. The stock had previously closed at $65.92.

Analyst Ratings Changes

Several research firms have commented on CMS. Wall Street Zen raised shares of CMS Energy from a "strong sell" rating to a "sell" rating in a research report on Sunday, July 5th. Morgan Stanley reduced their price target on 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. Truist Financial decreased their price target on CMS Energy from $85.00 to $81.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Mizuho lowered their price objective on CMS Energy from $78.00 to $77.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Finally, BMO Capital Markets cut their price objective on CMS Energy from $82.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 8th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $80.69.

CMS Energy Stock Performance

The firm's fifty day moving average price is $70.82 and its 200-day moving average price is $73.90. 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 $20.69 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.41 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 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%. The business's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. As a group, research analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were given a dividend of $0.57 per share. The ex-dividend date was Friday, August 7th. This represents a $2.28 dividend on an annualized basis and a yield of 3.5%. CMS Energy's dividend payout ratio is 68.47%.

Institutional Investors Weigh In On CMS Energy

Hedge funds have recently added to or reduced their stakes in the stock. GQG Partners LLC bought a new position in shares of CMS Energy during the 2nd quarter valued at about $363,388,000. Norges Bank bought a new stake in CMS Energy during the 4th quarter worth approximately $316,057,000. Magellan Asset Management Ltd bought a new stake in CMS Energy during the 2nd quarter worth approximately $194,237,000. Legal & General Group Plc acquired a new stake in CMS Energy during the 2nd quarter worth approximately $189,370,000. Finally, Parnassus Investments LLC acquired a new stake in CMS Energy during the 4th quarter worth approximately $102,983,000. 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.

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