CMS Energy Co. (NYSE:CMS - Free Report) - Equities research analysts at Zacks Research increased their Q3 2024 earnings estimates for CMS Energy in a report released on Friday, October 18th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $0.77 for the quarter, up from their previous forecast of $0.76. 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 $0.92 EPS, Q2 2025 earnings at $0.58 EPS, Q2 2026 earnings at $0.78 EPS, Q3 2026 earnings at $1.06 EPS and FY2026 earnings at $3.86 EPS.
Other equities analysts also recently issued reports about the company. Guggenheim upped their price target on CMS Energy from $66.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Evercore ISI upgraded CMS Energy to a "hold" rating in a research note on Friday, July 26th. Bank of America boosted their price target on CMS Energy from $69.00 to $73.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. BMO Capital Markets increased their price objective on shares of CMS Energy from $69.00 to $76.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Finally, KeyCorp boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of "Moderate Buy" and a consensus price target of $69.85.
Read Our Latest Research Report on CMS Energy
CMS Energy Stock Down 0.2 %
Shares of CMS Energy stock traded down $0.12 on Monday, reaching $71.17. The stock had a trading volume of 981,044 shares, compared to its average volume of 2,276,391. CMS Energy has a 1 year low of $52.12 and a 1 year high of $71.57. The company has a 50 day moving average price of $69.10 and a 200 day moving average price of $63.94. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $21.25 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.77 and a beta of 0.41.
CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $0.75 EPS. The business's revenue for the quarter was up 3.3% compared to the same quarter last year.
CMS Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.515 dividend. This is an increase from CMS Energy's previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 2.89%. CMS Energy's payout ratio is presently 62.80%.
Institutional Investors Weigh In On CMS Energy
Several hedge funds have recently bought and sold shares of CMS. Mackenzie Financial Corp increased its stake in shares of CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider's stock valued at $1,511,000 after purchasing an additional 157 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of CMS Energy by 9.6% during the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider's stock worth $139,000 after buying an additional 205 shares during the period. Tobam lifted its position in shares of CMS Energy by 31.7% during the 3rd quarter. Tobam now owns 868 shares of the utilities provider's stock valued at $61,000 after buying an additional 209 shares in the last quarter. Vontobel Holding Ltd. grew its stake in CMS Energy by 5.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider's stock valued at $301,000 after acquiring an additional 215 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its stake in CMS Energy by 6.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider's stock valued at $224,000 after acquiring an additional 236 shares during the period. Hedge funds and other institutional investors own 93.57% 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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