JPMorgan Chase & Co. Forecasts Strong Price Appreciation for CMS Energy (NYSE:CMS) Stock

CMS Energy (NYSE:CMS) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $82.00 to $85.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.36% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company set a $80.00 price target on shares of CMS Energy in a research note on Tuesday, April 21st. 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 research report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of CMS Energy in a research note on Friday, June 5th. Wall Street Zen raised CMS Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. Finally, Truist Financial cut their price target on CMS Energy from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.92.

CMS Energy Stock Down 0.9%

Shares of NYSE:CMS opened at $73.69 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. CMS Energy has a 52-week low of $68.64 and a 52-week high of $80.36. The company has a 50 day moving average of $74.13 and a two-hundred day moving average of $74.57. The company has a market capitalization of $22.76 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.69 and a beta of 0.35.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the firm posted $1.02 earnings per share. The business’s quarterly revenue was up 11.6% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, analysts forecast that CMS Energy will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the completion of the sale, the senior vice president directly owned 67,111 shares in the company, valued at approximately $4,987,018.41. The trade was a 4.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

A number of hedge funds have recently added to or reduced their stakes in CMS. Bison Wealth LLC bought a new position in shares of CMS Energy in the 4th quarter worth about $312,000. Integrated Wealth Concepts LLC bought a new stake in shares of CMS Energy during the 1st quarter valued at about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CMS Energy by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock worth $2,602,000 after acquiring an additional 3,367 shares during the period. Empowered Funds LLC raised its stake in CMS Energy by 22.0% during the first quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock worth $510,000 after acquiring an additional 1,226 shares during the period. Finally, Woodline Partners LP lifted its holdings in CMS Energy by 40.7% in the first quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock worth $1,896,000 after acquiring an additional 7,300 shares during the last quarter. 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.