Zacks Research Analysts Raise Earnings Estimates for CMS Energy Co. (NYSE:CMS)

CMS Energy Co. (NYSE:CMS - Free Report) - Analysts at Zacks Research raised their Q2 2024 earnings estimates for CMS Energy in a report released on Thursday, May 16th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $0.60 per share for the quarter, up from their prior forecast of $0.50. The consensus estimate for CMS Energy's current full-year earnings is $3.33 per share. Zacks Research also issued estimates for CMS Energy's Q3 2024 earnings at $0.72 EPS, Q4 2024 earnings at $1.03 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $3.60 EPS.

A number of other equities research analysts have also recently commented on CMS. Scotiabank cut their target price on shares of CMS Energy from $67.00 to $66.00 and set a "sector outperform" rating for the company in a report on Monday, April 22nd. KeyCorp upped their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. BMO Capital Markets raised their target price on CMS Energy from $68.00 to $71.00 and gave the company an "outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on CMS Energy from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Wednesday, March 13th. Finally, Barclays raised their price objective on CMS Energy from $57.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $63.75.

CMS Energy Stock Performance

CMS stock traded up $0.09 during trading on Friday, hitting $63.24. 1,625,778 shares of the company traded hands, compared to its average volume of 2,465,511. CMS Energy has a 1 year low of $49.87 and a 1 year high of $63.76. The company has a market cap of $18.85 billion, a PE ratio of 19.28, a P/E/G ratio of 2.57 and a beta of 0.37. The stock's 50-day simple moving average is $59.89 and its 200 day simple moving average is $58.22. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy's dividend payout ratio (DPR) is 62.80%.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the sale, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares of the company's stock, valued at approximately $3,985,144.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Brian F. Rich sold 2,000 shares of the firm's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the sale, the senior vice president now owns 97,682 shares of the company's stock, valued at $5,968,370.20. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Institutional Trading of CMS Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in CMS. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in CMS Energy by 320.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider's stock valued at $250,026,000 after buying an additional 3,282,697 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of CMS Energy by 14.0% in the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider's stock worth $1,367,483,000 after acquiring an additional 2,786,071 shares during the last quarter. Norges Bank purchased a new position in shares of CMS Energy during the 4th quarter worth approximately $111,004,000. American Century Companies Inc. increased its holdings in CMS Energy by 6,027.8% in the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider's stock valued at $92,453,000 after purchasing an additional 1,712,368 shares during the last quarter. Finally, Capital International Investors increased its holdings in CMS Energy by 24.8% in the 4th quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider's stock valued at $360,537,000 after purchasing an additional 1,234,791 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.