CMS Energy Co. (NYSE:CMS - Free Report) - Seaport Res Ptn issued their FY2028 earnings per share estimates for shares of CMS Energy in a research report issued on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski forecasts that the utilities provider will post earnings per share of $4.43 for the year. The consensus estimate for CMS Energy's current full-year earnings is $3.33 per share.
Other equities analysts have also recently issued research reports about the stock. KeyCorp increased their price objective 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. Morgan Stanley raised their price objective on CMS Energy from $63.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Bank of America upped their target price on CMS Energy from $69.00 to $73.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Mizuho lowered shares of CMS Energy from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.85.
View Our Latest Stock Analysis on CMS
CMS Energy Stock Up 0.1 %
NYSE CMS traded up $0.09 on Monday, hitting $68.39. 3,560,732 shares of the company were exchanged, compared to its average volume of 2,262,619. The company has a current ratio of 1.61, a quick ratio of 0.87 and a debt-to-equity ratio of 1.92. The company has a market cap of $20.43 billion, a PE ratio of 19.54, a PEG ratio of 2.77 and a beta of 0.41. The stock has a fifty day moving average of $69.81 and a 200-day moving average of $64.79. CMS Energy has a 12 month low of $54.27 and a 12 month high of $72.40.
CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share.
CMS Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Wednesday, November 13th. This is an increase from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's dividend payout ratio (DPR) is 58.86%.
Hedge Funds Weigh In On CMS Energy
Several institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp lifted its position in shares of CMS Energy by 0.6% during the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider's stock valued at $1,511,000 after buying an additional 157 shares during the last quarter. Voisard Asset Management Group Inc. lifted its holdings in CMS Energy by 25.7% during the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider's stock valued at $56,000 after purchasing an additional 163 shares during the last quarter. Continuum Advisory LLC boosted its position in CMS Energy by 9.6% during the second quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider's stock worth $139,000 after purchasing an additional 205 shares during the period. Tobam increased its stake in shares of CMS Energy by 31.7% in the third quarter. Tobam now owns 868 shares of the utilities provider's stock worth $61,000 after purchasing an additional 209 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in shares of CMS Energy by 5.3% in the third quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider's stock valued at $301,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.
About CMS Energy
(
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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