CMS Energy (CMS) Expected to Announce Quarterly Earnings on Thursday

CMS Energy (NYSE:CMS - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect CMS Energy to post earnings of $1.15 per share and revenue of $2.32 billion for the quarter. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS.Individual interested in participating in the company's earnings conference call can do so using this link.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, analysts expect CMS Energy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CMS Energy Price Performance

Shares of CMS traded up $0.64 during trading hours on Friday, hitting $72.81. The stock had a trading volume of 2,186,695 shares, compared to its average volume of 2,272,770. CMS Energy has a 52 week low of $58.50 and a 52 week high of $76.45. The company's fifty day moving average is $72.34 and its two-hundred day moving average is $69.58. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.56 and a beta of 0.34.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.98%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio is 65.36%.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,200 shares of company stock valued at $789,532. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on CMS. BMO Capital Markets dropped their price objective on CMS Energy from $80.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. UBS Group boosted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. StockNews.com cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Guggenheim restated a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $75.09.

About CMS Energy

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.