CMS Energy (NYSE:CMS) Issues FY25 Earnings Guidance

CMS Energy (NYSE:CMS - Get Free Report) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $3.52 to $3.58 for the period, compared to the consensus EPS estimate of $3.59. CMS Energy also updated its FY 2024 guidance to 3.290-3.350 EPS.

CMS Energy Stock Performance

Shares of CMS stock traded down $0.50 during mid-day trading on Thursday, reaching $69.61. The stock had a trading volume of 2,128,441 shares, compared to its average volume of 2,253,647. CMS Energy has a 1-year low of $53.64 and a 1-year high of $72.40. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.77 and a beta of 0.41. The business's fifty day moving average is $69.73 and its 200-day moving average is $64.51.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.96%. This is an increase from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy's dividend payout ratio (DPR) is presently 63.19%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their target price on CMS Energy from $63.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Scotiabank lifted their target price on shares of CMS Energy from $66.00 to $75.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. BMO Capital Markets increased their target price 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. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Monday, July 29th. Finally, Mizuho cut shares of CMS Energy from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.85.

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.