CMS Energy Co. (NYSE:CMS – Free Report) – Scotiabank lowered their FY2025 earnings estimates for shares of CMS Energy in a research note issued on Wednesday, January 8th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings of $3.60 per share for the year, down from their prior forecast of $3.62. Scotiabank currently has a “Sector Outperform” rating and a $77.00 target price on the stock. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share. Scotiabank also issued estimates for CMS Energy’s FY2026 earnings at $3.90 EPS.
CMS has been the subject of several other research reports. StockNews.com cut 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 research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. Barclays lifted their price target on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. KeyCorp upped their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Wells Fargo & Company lifted their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $70.36.
CMS Energy Stock Down 1.8 %
Shares of NYSE:CMS opened at $65.10 on Friday. The firm has a market capitalization of $19.45 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.66 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. CMS Energy has a 52-week low of $55.10 and a 52-week high of $72.40. The firm has a fifty day moving average of $67.55 and a 200 day moving average of $66.90.
CMS Energy (NYSE:CMS – Get Free Report) 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 business 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%. CMS Energy’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share.
Institutional Trading of CMS Energy
Hedge funds and other institutional investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its stake in CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after acquiring an additional 719,093 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after purchasing an additional 105,062 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CMS Energy by 0.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after purchasing an additional 18,403 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of CMS Energy by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock worth $128,715,000 after buying an additional 25,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in CMS Energy by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock valued at $76,292,000 after buying an additional 233,633 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at CMS Energy
In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders have sold 33,686 shares of company stock worth $2,228,084. 0.40% of the stock is currently owned by insiders.
CMS Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued 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 3.16%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is 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.
Featured Articles
- Five stocks we like better than CMS Energy
- Profitably Trade Stocks at 52-Week Highs
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- What Are Dividend Achievers? An Introduction
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- How to Plot Fibonacci Price Inflection Levels
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.