CMS Energy FY2025 EPS Estimate Raised by Seaport Res Ptn

CMS Energy Co. (NYSE:CMS - Free Report) - Analysts at Seaport Res Ptn upped their FY2025 earnings per share (EPS) estimates for CMS Energy in a research report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $3.60 for the year, up from their prior estimate of $3.59. The consensus estimate for CMS Energy's current full-year earnings is $3.33 per share.

Other equities analysts have also issued research reports about the company. KeyCorp lifted their price target on CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. BMO Capital Markets cut their price objective on CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Scotiabank raised their price objective on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Wells Fargo & Company raised their price objective on CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, Morgan Stanley cut their price objective on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.36.

CMS Energy Price Performance

Shares of CMS traded up $0.63 during midday trading on Wednesday, hitting $66.34. The company's stock had a trading volume of 1,323,872 shares, compared to its average volume of 1,295,494. CMS Energy has a one year low of $55.10 and a one year high of $72.40. The company's fifty day simple moving average is $67.68 and its two-hundred day simple moving average is $66.88. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $19.82 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 2.66 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company earned $0.61 EPS. The company's revenue was up 4.2% on a year-over-year basis.

Institutional Trading of CMS Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Advisory Services Inc. boosted its stake in shares of CMS Energy by 10.6% in the 3rd quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider's stock worth $842,000 after buying an additional 1,147 shares during the last quarter. Quest Partners LLC boosted its stake in shares of CMS Energy by 130,804.3% in the 2nd quarter. Quest Partners LLC now owns 30,108 shares of the utilities provider's stock worth $1,792,000 after buying an additional 30,085 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of CMS Energy by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider's stock worth $1,658,000 after buying an additional 1,631 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in shares of CMS Energy by 992.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider's stock worth $18,075,000 after buying an additional 228,501 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of CMS Energy by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock worth $537,503,000 after buying an additional 719,093 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the sale, the senior vice president now directly owns 64,771 shares of the company's stock, valued at $4,415,439.07. The trade was a 3.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the sale, the chief accounting officer now directly owns 24,417 shares of the company's stock, valued at $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,686 shares of company stock valued at $2,228,084. Corporate insiders own 0.40% of the company's stock.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.515 dividend. The ex-dividend date was Wednesday, November 13th. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 3.11%. CMS Energy's dividend payout ratio (DPR) is 58.86%.

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.