S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13

Q4 2021 Earnings Estimate for CMS Energy Co. Issued By KeyCorp (NYSE:CMS)

Last updated on Monday, November 29, 2021 | 2021 MarketBeat

CMS Energy Co. (NYSE:CMS) - Analysts at KeyCorp dropped their Q4 2021 earnings estimates for CMS Energy in a report released on Wednesday, November 24th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings of $0.47 per share for the quarter, down from their previous forecast of $0.63. KeyCorp also issued estimates for CMS Energy's FY2023 earnings at $3.08 EPS, FY2024 earnings at $3.35 EPS and FY2025 earnings at $3.58 EPS. CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Wednesday, October 27th. The utilities provider reported $0.54 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.54. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.63 billion. CMS Energy had a net margin of 12.17% and a return on equity of 13.05%. The firm's revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share.

Several other equities research analysts also recently weighed in on the company. Morgan Stanley decreased their price target on CMS Energy from $66.00 to $62.00 and set an "equal weight" rating for the company in a report on Monday, September 20th. Mizuho raised their target price on CMS Energy from $64.00 to $67.00 and gave the company a "buy" rating in a report on Thursday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, CMS Energy presently has a consensus rating of "Hold" and an average target price of $67.00.

CMS stock opened at $60.13 on Monday. The company has a market capitalization of $17.42 billion, a P/E ratio of 19.98, a PEG ratio of 3.31 and a beta of 0.22. CMS Energy has a twelve month low of $53.19 and a twelve month high of $65.79. The business has a 50 day simple moving average of $60.48 and a 200-day simple moving average of $61.59. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 1.88.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in CMS Energy by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 2,375,153 shares of the utilities provider's stock worth $140,324,000 after acquiring an additional 11,770 shares in the last quarter. TIAA FSB acquired a new position in CMS Energy during the 2nd quarter worth approximately $1,164,000. RWC Asset Management LLP lifted its position in CMS Energy by 97.6% during the 2nd quarter. RWC Asset Management LLP now owns 157,817 shares of the utilities provider's stock worth $9,324,000 after acquiring an additional 77,940 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in CMS Energy by 1.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 24,096 shares of the utilities provider's stock worth $1,424,000 after acquiring an additional 316 shares in the last quarter. Finally, MUFG Americas Holdings Corp lifted its position in CMS Energy by 3.5% during the 2nd quarter. MUFG Americas Holdings Corp now owns 112,157 shares of the utilities provider's stock worth $6,626,000 after acquiring an additional 3,813 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

In other CMS Energy news, SVP Jean-Francois Brossoit sold 770 shares of CMS Energy stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $64.82, for a total value of $49,911.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brian F. Rich sold 3,500 shares of CMS Energy stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $60.32, for a total value of $211,120.00. The disclosure for this sale can be found here. Company insiders own 0.36% of the company's stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Investors of record on Friday, November 5th will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, November 4th. CMS Energy's dividend payout ratio is presently 57.81%.

About CMS Energy

CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity.

See Also: FTSE 100 Index

Earnings History and Estimates for CMS Energy (NYSE:CMS)

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 [email protected]

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