CMS Energy FY2025 EPS Forecast Raised by Seaport Res Ptn

CMS Energy Co. (NYSE:CMS) – Research analysts at Seaport Res Ptn upped their FY2025 earnings per share (EPS) estimates for shares of CMS Energy in a report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects 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.

A number of other research analysts also recently weighed in on the company. 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 note on Friday, November 1st. Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. KeyCorp boosted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Wells Fargo & Company raised their target price on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group began coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.36.

CMS Energy Trading Up 0.4 %

CMS Energy stock opened at $65.71 on Wednesday. CMS Energy has a one year low of $55.10 and a one year high of $72.40. The company’s fifty day moving average price is $67.75 and its two-hundred day moving average price is $66.88. The company has a market capitalization of $19.63 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.66 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.

CMS Energy Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 3.13%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s payout ratio is currently 58.86%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’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 transaction of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction 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 in the company, 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. Insiders have sold 33,686 shares of company stock valued at $2,228,084 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CMS Energy

Institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in shares of CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 275 shares during the last quarter. Brooklyn Investment Group bought a new position in CMS Energy in the 3rd quarter valued at $40,000. Covestor Ltd boosted its stake in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares in the last quarter. Values First Advisors Inc. bought a new stake in shares of CMS Energy during the third quarter worth $56,000. Finally, Voisard Asset Management Group Inc. increased its stake in shares of CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after buying an additional 163 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

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.