CMS Energy (NYSE:CMS) Reaches New 52-Week Low - Here's What Happened

Key Points

• CMS Energy shares hit a new 52-week low, falling to $67.75 during Monday trading and closing near $67.81, below its 50-day and 200-day moving averages.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $81.69, although recent target changes and ratings have been mixed.
• The company slightly beat quarterly EPS estimates but reported lower year-over-year earnings and revenue; it also declared a quarterly dividend of $0.57 per share, representing a 3.4% annualized yield.

CMS Energy Corporation (NYSE:CMS - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $67.75 and last traded at $67.81, with a volume of 1796 shares traded. The stock had previously closed at $68.21.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMS. Jefferies Financial Group set a $78.00 price objective on shares of CMS Energy in a report on Thursday, July 16th. Morgan Stanley reduced their target price 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. BMO Capital Markets raised their price target on shares of CMS Energy from $81.00 to $86.00 and gave the company an "outperform" rating in a research report on Monday, July 20th. KeyCorp downgraded shares of CMS Energy from an "overweight" rating to a "sector weight" rating in a research note on Thursday, July 23rd. Finally, Truist Financial cut their price objective on CMS Energy from $85.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and an average target price of $81.69.

CMS Energy Stock Down 0.8%

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 company has a market cap of $21.21 billion, a PE ratio of 20.30, a P/E/G ratio of 2.47 and a beta of 0.35. The business's 50 day moving average is $73.16 and its 200-day moving average is $74.65.

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

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy's payout ratio is 68.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CMS. iA Global Asset Management Inc. lifted its stake in shares of CMS Energy by 2.3% in the fourth quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider's stock valued at $92,529,000 after purchasing an additional 30,000 shares during the period. RIA Advisory Group LLC purchased a new stake in CMS Energy during the fourth quarter worth about $974,000. Capital Innovations LLC acquired a new position in CMS Energy during the fourth quarter worth about $1,652,000. Assenagon Asset Management S.A. grew 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 buying an additional 513,331 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in CMS Energy by 28.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,324 shares of the utilities provider's stock valued at $79,389,000 after buying an additional 227,795 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

About CMS Energy

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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