Equities research analysts predict that CMS Energy Co. (NYSE:CMS) will post earnings of $0.78 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for CMS Energy’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $1.20. CMS Energy posted earnings per share of $0.73 in the same quarter last year, which would suggest a positive year over year growth rate of 6.8%. The company is scheduled to announce its next earnings results on Thursday, October 22nd.
On average, analysts expect that CMS Energy will report full year earnings of $2.65 per share for the current financial year, with EPS estimates ranging from $2.60 to $2.68. For the next year, analysts expect that the company will post earnings of $2.85 per share, with EPS estimates ranging from $2.83 to $2.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover CMS Energy.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.04. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.52 billion. CMS Energy had a net margin of 11.33% and a return on equity of 15.32%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share.
Several equities analysts have issued reports on CMS shares. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Friday, July 24th. Credit Suisse Group decreased their price objective on shares of CMS Energy from $59.00 to $57.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. BMO Capital Markets assumed coverage on shares of CMS Energy in a report on Thursday, July 9th. They set an “outperform” rating and a $63.00 price objective on the stock. Morgan Stanley raised their price target on shares of CMS Energy from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $62.00 price target on shares of CMS Energy in a research note on Thursday, April 30th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $63.97.
In related news, SVP Jean-Francois Brossoit sold 2,671 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $56.48, for a total transaction of $150,858.08. Following the completion of the sale, the senior vice president now directly owns 54,591 shares in the company, valued at $3,083,299.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Catherine A. Hendrian sold 1,584 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $62.78, for a total transaction of $99,443.52. Following the sale, the senior vice president now owns 41,218 shares of the company’s stock, valued at $2,587,666.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,035 shares of company stock valued at $299,442. 0.50% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of CMS. TCF National Bank boosted its position in shares of CMS Energy by 2.7% during the 2nd quarter. TCF National Bank now owns 6,245 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 165 shares during the period. Advisors Asset Management Inc. lifted its stake in CMS Energy by 0.9% during the second quarter. Advisors Asset Management Inc. now owns 19,433 shares of the utilities provider’s stock worth $1,135,000 after purchasing an additional 177 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in CMS Energy by 0.4% during the second quarter. Commonwealth Equity Services LLC now owns 47,276 shares of the utilities provider’s stock worth $2,761,000 after purchasing an additional 182 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in CMS Energy by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the utilities provider’s stock worth $719,000 after purchasing an additional 200 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in CMS Energy by 87.0% during the second quarter. CVA Family Office LLC now owns 430 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 92.20% of the company’s stock.
CMS traded down $0.57 during midday trading on Friday, hitting $60.11. 21,315 shares of the company traded hands, compared to its average volume of 1,487,621. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 3.27 and a beta of 0.21. CMS Energy has a 52-week low of $46.03 and a 52-week high of $69.17. The business has a 50 day simple moving average of $61.58 and a two-hundred day simple moving average of $60.61.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 7th will be given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, August 6th. CMS Energy’s payout ratio is currently 65.46%.
CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.
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