Wall Street brokerages forecast that CMS Energy Co. (NYSE:CMS) will announce $0.35 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have provided estimates for CMS Energy’s earnings, with estimates ranging from $0.32 to $0.39. CMS Energy posted earnings per share of $0.33 during the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The company is scheduled to announce its next earnings results on Friday, July 27th.
According to Zacks, analysts expect that CMS Energy will report full-year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.33 to $2.34. For the next financial year, analysts forecast that the business will post earnings of $2.51 per share, with EPS estimates ranging from $2.50 to $2.52. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover CMS Energy.
CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, April 26th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. CMS Energy had a net margin of 7.48% and a return on equity of 14.33%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business earned $0.71 EPS. CMS Energy’s quarterly revenue was up 6.8% compared to the same quarter last year.
Several research analysts have recently issued reports on the stock. TheStreet upgraded shares of CMS Energy from a “c+” rating to an “a-” rating in a report on Thursday, April 26th. ValuEngine raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Wednesday, May 30th. Finally, KeyCorp upped their target price on shares of CMS Energy from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, May 30th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $47.75.
In other news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $46.62, for a total transaction of $46,620.00. Following the completion of the sale, the insider now owns 31,753 shares of the company’s stock, valued at $1,480,324.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Catherine M. Reynolds sold 5,611 shares of the stock in a transaction on Monday, May 7th. The stock was sold at an average price of $46.05, for a total transaction of $258,386.55. Following the sale, the senior vice president now directly owns 122,203 shares of the company’s stock, valued at approximately $5,627,448.15. The disclosure for this sale can be found here. Insiders sold 17,611 shares of company stock valued at $817,617 in the last ninety days. Insiders own 0.65% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CMS. Zions Bancorporation acquired a new stake in CMS Energy in the first quarter valued at $119,000. Tower Research Capital LLC TRC lifted its stake in shares of CMS Energy by 271.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $129,000 after buying an additional 1,998 shares during the last quarter. Advisors Preferred LLC acquired a new stake in shares of CMS Energy during the 1st quarter worth about $139,000. Dupont Capital Management Corp acquired a new stake in shares of CMS Energy during the 1st quarter worth about $144,000. Finally, IFP Advisors Inc lifted its stake in shares of CMS Energy by 49.7% during the 1st quarter. IFP Advisors Inc now owns 4,217 shares of the utilities provider’s stock worth $191,000 after buying an additional 1,400 shares during the last quarter. 88.35% of the stock is owned by institutional investors and hedge funds.
CMS Energy stock traded down $0.08 on Thursday, reaching $47.04. 1,888,544 shares of the stock were exchanged, compared to its average volume of 2,892,263. CMS Energy has a twelve month low of $40.48 and a twelve month high of $50.85. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.71. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 3.14 and a beta of 0.08.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Friday, May 4th were paid a $0.3575 dividend. This represents a $1.43 annualized dividend and a yield of 3.04%. The ex-dividend date was Thursday, May 3rd. CMS Energy’s payout ratio is presently 65.90%.
CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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