Zacks Research Estimates CMS Energy’s Q4 Earnings (NYSE:CMS)

CMS Energy Co. (NYSE:CMS) – Investment analysts at Zacks Research reduced their Q4 2024 EPS estimates for shares of CMS Energy in a note issued to investors on Thursday, December 19th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $0.86 per share for the quarter, down from their previous estimate of $0.87. 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 Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.77 EPS and Q4 2025 earnings at $1.20 EPS.

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

Several other research firms have also weighed in on CMS. Mizuho lowered 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. Wells Fargo & Company upped their price target on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective for the company. StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. Finally, BMO Capital Markets cut their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.36.

CMS Energy Price Performance

Shares of CMS opened at $66.61 on Monday. The business’s 50-day moving average is $68.81 and its 200-day moving average is $66.28. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.66 and a beta of 0.41. CMS Energy has a fifty-two week low of $55.10 and a fifty-two week high of $72.40.

Hedge Funds Weigh In On CMS Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its position in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy in the third quarter valued at about $40,000. Innealta Capital LLC acquired a new stake in CMS Energy during the second quarter worth about $43,000. Covestor Ltd increased its stake in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 472 shares during the period. Finally, Values First Advisors Inc. acquired a new position in CMS Energy in the 3rd quarter valued at approximately $56,000. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In related news, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the transaction, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,686 shares of company stock valued at $2,228,084. Company insiders own 0.40% of the company’s stock.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. CMS Energy’s payout ratio is presently 58.86%.

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.