KeyCorp Has Positive Forecast for CMS Energy FY2025 Earnings

CMS Energy Co. (NYSE:CMS) – Investment analysts at KeyCorp lifted their FY2025 earnings per share estimates for shares of CMS Energy in a note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings of $3.59 per share for the year, up from their prior estimate of $3.57. KeyCorp has a “Overweight” rating and a $76.00 price objective on the stock. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share. KeyCorp also issued estimates for CMS Energy’s FY2026 earnings at $3.89 EPS, FY2027 earnings at $4.21 EPS and FY2028 earnings at $4.30 EPS.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. Bank of America boosted their price objective on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Wells Fargo & Company boosted their price objective on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley reduced their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.21.

CMS Energy Stock Performance

Shares of CMS stock opened at $67.18 on Friday. The stock has a market cap of $20.07 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.72 and a beta of 0.41. The business has a 50-day simple moving average of $69.57 and a 200-day simple moving average of $65.87. 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 52-week low of $55.10 and a 52-week high of $72.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations 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 was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.515 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy’s payout ratio is 58.86%.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’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 completion of the sale, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On CMS Energy

A number of large investors have recently made changes to their positions in CMS. Cetera Investment Advisers grew its position in shares of CMS Energy by 325.4% in the first quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider’s stock valued at $1,582,000 after purchasing an additional 20,056 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in CMS Energy by 6.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 4,201 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 265 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in CMS Energy by 18.6% in the second quarter. QRG Capital Management Inc. now owns 12,012 shares of the utilities provider’s stock valued at $715,000 after acquiring an additional 1,880 shares during the last quarter. SG Americas Securities LLC lifted its holdings in CMS Energy by 1,438.9% in the second quarter. SG Americas Securities LLC now owns 99,258 shares of the utilities provider’s stock valued at $5,909,000 after acquiring an additional 92,808 shares during the last quarter. Finally, Mirador Capital Partners LP lifted its holdings in CMS Energy by 5.2% in the second quarter. Mirador Capital Partners LP now owns 13,094 shares of the utilities provider’s stock valued at $780,000 after acquiring an additional 653 shares during the last quarter. 93.57% of the stock is currently 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.