Seaport Res Ptn Estimates CMS Energy FY2028 Earnings

CMS Energy Co. (NYSE:CMS) – Stock analysts at Seaport Res Ptn issued their FY2028 earnings per share (EPS) estimates for CMS Energy in a research note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski anticipates that the utilities provider will post earnings per share of $4.43 for the year. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share.

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

Several other equities analysts also recently commented on CMS. Wells Fargo & Company increased their price objective on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Evercore ISI upgraded CMS Energy to a “hold” rating in a research note on Friday, July 26th. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $76.00 to $72.00 in a report 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 report on Monday, September 30th. Finally, Morgan Stanley lifted their target price on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.29.

CMS Energy Stock Up 1.0 %

CMS Energy stock opened at $69.10 on Monday. The firm has a 50 day moving average price of $69.85 and a 200-day moving average price of $64.85. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy has a twelve month low of $54.27 and a twelve month high of $72.40. The company has a market capitalization of $20.65 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.71 and a beta of 0.41.

Institutional Investors Weigh In On CMS Energy

A number of institutional investors and hedge funds have recently made changes to their positions in CMS. Massachusetts Financial Services Co. MA raised its holdings in shares of CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after acquiring an additional 3,473,977 shares in the last quarter. JPMorgan Chase & Co. lifted its position in CMS Energy by 14.0% during the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after purchasing an additional 2,786,071 shares during the last quarter. Raymond James & Associates grew its stake in CMS Energy by 310.2% in the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after buying an additional 851,364 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in shares of CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after buying an additional 800,344 shares during the last quarter. Finally, Railway Pension Investments Ltd purchased a new stake in shares of CMS Energy during the 2nd quarter valued at $47,082,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 2.98%. 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.