CMS Energy (NYSE:CMS - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.540-3.600 for the period, compared to the consensus earnings per share estimate of 3.590. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CMS. Scotiabank boosted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Guggenheim reissued a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday. Morgan Stanley cut their target price on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group initiated coverage on CMS Energy in a research note on Tuesday, November 5th. They set a "buy" rating and a $76.00 price objective for the company. Finally, StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.15.
Check Out Our Latest Research Report on CMS
CMS Energy Stock Performance
Shares of NYSE CMS traded up $0.36 during midday trading on Friday, reaching $68.69. The company's stock had a trading volume of 2,904,259 shares, compared to its average volume of 2,324,937. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40. The stock has a market capitalization of $20.52 billion, a P/E ratio of 20.69, a PEG ratio of 2.48 and a beta of 0.42. The firm has a 50 day moving average price of $66.77 and a 200-day moving average price of $67.89. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.23 and a quick ratio of 0.83.
CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, equities analysts predict that CMS Energy will post 3.59 earnings per share for the current year.
CMS Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.16%. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 14th. CMS Energy's dividend payout ratio is presently 65.36%.
Insider Buying and Selling at CMS Energy
In related news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,686 shares of company stock valued at $2,228,084 in the last quarter. Company insiders own 0.40% of the company's stock.
CMS Energy Company Profile
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Get Free Report)
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.
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