Weiss Ratings Reaffirms "Buy (B-)" Rating for CMS Energy (NYSE:CMS)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for CMS Energy, despite varying assessments from other analysts regarding its price targets.
• CMS Energy's stock price has seen a slight decline of 0.5%, currently trading at $73.42, with a 52-week high of $76.45.
• The company reported quarterly earnings of $0.71 EPS, exceeding analysts' expectations of $0.67, with revenue increasing by 14.4% year-over-year.

CMS Energy (NYSE:CMS - Get Free Report)'s stock had its "buy (b-)" rating restated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

CMS has been the topic of several other reports. Morgan Stanley lowered their price target on shares of CMS Energy from $73.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Barclays lifted their price target on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Finally, Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.36.

CMS Energy Stock Down 0.5%

Shares of NYSE:CMS traded down $0.34 during midday trading on Wednesday, reaching $73.42. 1,886,095 shares of the company were exchanged, compared to its average volume of 2,480,675. CMS Energy has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The stock has a fifty day simple moving average of $72.22 and a two-hundred day simple moving average of $71.64. The firm has a market cap of $21.98 billion, a PE ratio of 21.72, a P/E/G ratio of 2.74 and a beta of 0.40.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the business posted $0.66 earnings per share. The firm's quarterly revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. As a group, sell-side analysts forecast that CMS Energy will post 3.59 earnings per share for the current year.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $73.62, for a total value of $147,240.00. Following the completion of the sale, the senior vice president owned 68,036 shares of the company's stock, valued at $5,008,810.32. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Lauren Y. Snyder sold 2,220 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $71.26, for a total transaction of $158,197.20. Following the sale, the senior vice president directly owned 13,512 shares of the company's stock, valued at approximately $962,865.12. This trade represents a 14.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Institutional Trading of CMS Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of CMS Energy by 4.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider's stock worth $1,732,000 after acquiring an additional 893 shares during the period. Private Trust Co. NA increased its position in CMS Energy by 14.4% during the 1st quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock worth $110,000 after purchasing an additional 185 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in CMS Energy by 9.4% in the 1st quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock valued at $350,000 after purchasing an additional 400 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in CMS Energy by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock valued at $2,629,000 after purchasing an additional 950 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in CMS Energy by 503.4% in the 1st quarter. Jane Street Group LLC now owns 175,804 shares of the utilities provider's stock valued at $13,205,000 after purchasing an additional 146,667 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.