Morgan Stanley Adjusts Price Target on CMS Energy to $79 From $80, Keeps Equalweight Rating

Peter Thiel's hedge fund, Thiel Macro, reported a $418.7M portfolio, with seven of eight positions in energy companies, including Vista Energy, Vistra, and American Electric Power. The fund's largest holding is Amazon, at $118M, 28% of the portfolio, betting on AI-driven electricity demand.

CMS Energy stock hit a 52-week low of $68.63, down 15% from its high. It has a 3.27% dividend yield and is considered overvalued by InvestingPro. Q2 2026 earnings missed estimates, but the company reaffirmed its outlook. BofA noted sector-wide rate relief and customer growth.

Michigan’s Public Service Commission, via Chair Dan Scripps’ July 16 letter to Gov. Gretchen Whitmer, urged lawmakers to end annual utility rate hikes and change how DTE Electric and Consumers Energy earn profits. It recommended multiyear performance-based rates, limits on capital bias, and changes to power-purchase bonuses and plant shutdown cost recovery, plus data center and virtual power plant rules. It cited $868M collected since 2019 and DTE/Consumers rate hikes of $242.4M/$276.6M plus lat

Michigan Public Service Commission Chair Dan Scripps urged Gov. Gretchen Whitmer to seek legislation ending annual utility rate hikes and changing how DTE Electric and Consumers Energy earn profits. The MPSC recommends multiyear rate plans tied to reliability and affordability, limiting capital bias, adjusting power-purchase bonuses, and revising data center and transmission rules. It cites DTE and Consumers rate hikes totaling $242.4m and $276.6m, plus further requests.

CMS Info Systems reported Q1 FY27 results for the quarter ended June 30, 2026. Services revenue rose to ₹625 crore, up 9.3% YoY and 2.6% QoQ, while EBITDA was ₹173 crore with a 27.2% margin. PAT was ₹84 crore, down 10.6% YoY but up 5.8% QoQ. The company cited ~₹500 crore new order wins, including mandates tied to HDFC Bank and PSU banks.

CMS Info Systems reported Q1FY27 services revenue of ₹625 Cr, lifting EBITDA to ₹173 Cr and expanding EBITDA margin to 27.2%, while consolidated net profit fell 10.6% YoY to ₹84 Cr. Management cited cash supply disruptions impacting ATM volumes by ₹25 Cr, plus higher minimum wages and fuel costs. FY27 services guidance was trimmed to ₹2,650-2,750 Cr. Board appointed independent director William Poole effective Aug 10, 2026.