CMS Energy (NYSE:CMS) Issues FY25 Earnings Guidance

CMS Energy (NYSE:CMS) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $3.52 to $3.58 for the period, compared to the consensus EPS estimate of $3.59. CMS Energy also updated its FY 2024 guidance to 3.290-3.350 EPS.

Analysts Set New Price Targets

CMS has been the topic of a number of analyst reports. Evercore ISI raised shares of CMS Energy to a “hold” rating in a research note on Friday, July 26th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. KeyCorp upped their target price 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. Barclays increased their price target on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley increased their target price on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.85.

CMS Energy Stock Up 0.1 %

CMS traded up $0.09 during trading on Thursday, reaching $70.20. 224,755 shares of the stock were exchanged, compared to its average volume of 2,244,301. The stock has a market cap of $20.96 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The stock’s 50 day moving average price is $69.73 and its two-hundred day moving average price is $64.51. CMS Energy has a twelve month low of $53.64 and a twelve month high of $72.40.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.93%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio is presently 62.80%.

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.