FY2024 EPS Estimates for CMS Energy Raised by Zacks Research

CMS Energy Co. (NYSE:CMS) – Equities research analysts at Zacks Research increased their FY2024 EPS estimates for shares of CMS Energy in a report issued 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 prior 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.

A number of other research analysts have also recently commented on CMS. StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. BMO Capital Markets reduced their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Morgan Stanley lowered their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday. Scotiabank raised their price objective on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.21.

CMS Energy Price Performance

Shares of CMS Energy stock opened at $69.52 on Monday. The business’s 50-day moving average price is $69.72 and its 200-day moving average price is $65.52. The firm has a market capitalization of $20.77 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.76 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 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) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was up 4.2% 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. Investors of record on Wednesday, November 13th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 2.96%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s payout ratio is 58.86%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new stake in CMS Energy during the third quarter worth about $40,000. Covestor Ltd grew its holdings in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares during the period. TruNorth Capital Management LLC grew its holdings in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 578 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of CMS Energy during the second quarter valued at approximately $43,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

About CMS Energy

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.