FY2025 EPS Estimates for CMS Energy Increased by Analyst

CMS Energy Co. (NYSE:CMS) – Investment analysts at Seaport Res Ptn lifted their FY2025 earnings estimates for CMS Energy in a report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $3.60 per share for the year, up from their previous estimate of $3.59. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share.

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, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS.

Several other equities analysts also recently weighed in on the company. StockNews.com lowered CMS Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. 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 target on the stock. Barclays raised their price target on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. BMO Capital Markets cut their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $70.36.

CMS Energy Trading Up 1.0 %

Shares of CMS stock opened at $66.34 on Wednesday. The company has a market cap of $19.82 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.66 and a beta of 0.42. CMS Energy has a 1 year low of $55.10 and a 1 year high of $72.40. The stock’s 50 day simple moving average is $67.68 and its two-hundred day simple moving average is $66.88. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

Hedge Funds Weigh In On CMS Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in CMS Energy by 0.6% during the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock worth $1,511,000 after buying an additional 157 shares during the last quarter. Voisard Asset Management Group Inc. grew its stake in shares of CMS Energy by 25.7% during the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 163 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of CMS Energy by 5.4% during the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 187 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its position in shares of CMS Energy by 1.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after purchasing an additional 200 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in CMS Energy by 25.6% in the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 200 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the sale, the senior vice president now owns 64,771 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction 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 $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,686 shares of company stock worth $2,228,084. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio is presently 58.86%.

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.