Zacks Research Raises Earnings Estimates for CMS Energy

CMS Energy Co. (NYSE:CMS - Free Report) - Investment analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for CMS Energy in a research note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $3.34 per share for the year, up from their previous forecast of $3.32. 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 Q4 2024 earnings at $0.87 EPS, Q1 2025 earnings at $1.12 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.86 EPS, Q4 2025 earnings at $1.05 EPS, FY2025 earnings at $3.58 EPS, Q2 2026 earnings at $0.77 EPS, Q3 2026 earnings at $1.02 EPS and FY2026 earnings at $3.84 EPS.

Several other research firms have also recently issued reports on CMS. Scotiabank boosted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 20th. Jefferies Financial Group assumed coverage on CMS Energy in a report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price target for the company. BMO Capital Markets reduced 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. Wells Fargo & Company lifted their target price on CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Finally, Mizuho downgraded CMS Energy from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, CMS Energy has a consensus rating of "Moderate Buy" and a consensus target price of $70.21.

CMS Energy Trading Up 0.2 %

Shares of CMS traded up $0.14 during trading hours on Monday, reaching $69.66. 2,644,263 shares of the company traded hands, compared to its average volume of 2,273,439. The firm has a market cap of $20.81 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.77 and a beta of 0.41. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40. The stock's fifty day moving average price is $69.72 and its 200 day moving average price is $65.52. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the business earned $0.61 EPS. CMS Energy's revenue was up 4.2% compared to the same quarter last year.

Institutional Investors Weigh In On CMS Energy

Large investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its position in CMS Energy by 101.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider's stock worth $410,223,000 after acquiring an additional 3,473,977 shares during the period. Raymond James & Associates lifted its holdings in shares of CMS Energy by 310.2% during the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider's stock worth $79,519,000 after purchasing an additional 851,364 shares during the period. iA Global Asset Management Inc. boosted its position in CMS Energy by 105.9% in the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider's stock valued at $92,623,000 after buying an additional 800,344 shares during the last quarter. Railway Pension Investments Ltd purchased a new stake in CMS Energy in the second quarter valued at approximately $47,082,000. Finally, National Bank of Canada FI increased its holdings in CMS Energy by 404.8% in the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider's stock worth $63,053,000 after buying an additional 715,891 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, November 18th. The shares were 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 in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott B. Mcintosh sold 936 shares of the company's stock in a transaction that occurred 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 $1,672,564.50. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's payout ratio is 58.86%.

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.