KeyCorp Weighs in on CMS Energy’s Q4 Earnings (NYSE:CMS)

CMS Energy Co. (NYSE:CMS) – Research analysts at KeyCorp decreased their Q4 2024 earnings per share (EPS) estimates for CMS Energy in a research report issued on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $0.84 for the quarter, down from their previous forecast of $0.88. KeyCorp currently has a “Overweight” rating and a $76.00 price target on the stock. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data 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 firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets cut their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Barclays lifted their price objective on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Scotiabank increased their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group started coverage on CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One equities 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 stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $70.21.

CMS Energy Stock Performance

NYSE:CMS opened at $67.38 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy has a twelve month low of $55.10 and a twelve month high of $72.40. The stock has a market cap of $20.13 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 2.72 and a beta of 0.41. The firm’s fifty day simple moving average is $69.57 and its 200 day simple moving average is $65.87.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.515 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 3.06%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s payout ratio is presently 58.86%.

Insider Transactions at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

Large investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its position in CMS Energy by 101.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after acquiring an additional 3,473,977 shares during the last quarter. Raymond James & Associates grew its holdings in CMS Energy by 310.2% in 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 last quarter. iA Global Asset Management Inc. raised its position in shares of CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after purchasing an additional 800,344 shares during the last quarter. Railway Pension Investments Ltd acquired a new stake in CMS Energy during the 2nd quarter worth about $47,082,000. Finally, National Bank of Canada FI boosted its position in CMS Energy by 404.8% in the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after buying an additional 715,891 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

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.