CMS Energy (NYSE:CMS) Sets New 52-Week Low - Here's Why

Key Points

• CMS Energy shares fell to a new 52-week low of $64.19, trading below both their 50-day and 200-day moving averages amid a 0.7% decline.
• Despite the weakness, analysts maintain a “Moderate Buy” consensus, with an average price target of $80.54 versus the stock’s recent price near $64.25.
• The company exceeded quarterly EPS estimates by $0.01 but reported revenue below expectations and a slight year-over-year decline; it also pays a quarterly dividend of $0.57, implying a 3.5% annual yield.

CMS Energy Corporation (NYSE:CMS - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $64.19 and last traded at $64.2480, with a volume of 4446236 shares changing hands. The stock had previously closed at $64.70.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Argus reiterated a "buy" rating and issued a $80.00 price target on shares of CMS Energy in a report on Wednesday, August 26th. Barclays upped their price objective on shares of CMS Energy from $79.00 to $81.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. UBS Group reiterated a "neutral" rating and issued a $84.00 price objective on shares of CMS Energy in a research note on Wednesday, July 29th. Wall Street Zen raised shares of CMS Energy from a "strong sell" rating to a "sell" rating in a report on Sunday, July 5th. Finally, Truist Financial lowered their price target on shares of CMS Energy from $85.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, CMS Energy currently has an average rating of "Moderate Buy" and an average target price of $80.54.

CMS Energy Stock Down 0.7%

The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. The firm has a market cap of $20.15 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.37 and a beta of 0.34. The business's 50 day moving average price is $70.00 and its 200 day moving average price is $73.54.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, equities analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders 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 dividend yield of 3.5%. CMS Energy's dividend payout ratio (DPR) is 68.47%.

Hedge Funds Weigh In On CMS Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital Innovations LLC acquired a new position in CMS Energy in the 4th quarter valued at about $1,652,000. Assenagon Asset Management S.A. raised its position in shares of CMS Energy by 10,463.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 518,237 shares of the utilities provider's stock valued at $39,645,000 after buying an additional 513,331 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of CMS Energy by 28.6% during the 1st 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 during the period. ING Groep NV raised its position in CMS Energy by 97.7% in the fourth quarter. ING Groep NV now owns 1,263,429 shares of the utilities provider's stock valued at $88,352,000 after purchasing an additional 624,232 shares during the period. Finally, Mattern Capital Management LLC lifted its position in CMS Energy by 32.3% in the first quarter. Mattern Capital Management LLC now owns 159,660 shares of the utilities provider's stock valued at $12,386,000 after buying an additional 38,952 shares during 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.

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