FY2024 EPS Estimate for CMS Energy Increased by Analyst

CMS Energy Co. (NYSE:CMS) – Investment analysts at Zacks Research boosted their FY2024 earnings per share estimates for shares of CMS Energy in a report released on Thursday, November 21st. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $3.34 for the year, up from their prior estimate of $3.32. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share. Zacks Research also issued estimates for CMS Energy’s Q4 2024 earnings at $0.87 EPS, Q1 2025 earnings at $1.12 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.86 EPS, Q4 2025 earnings at $1.05 EPS, FY2025 earnings at $3.58 EPS, Q2 2026 earnings at $0.77 EPS, Q3 2026 earnings at $1.02 EPS and FY2026 earnings at $3.84 EPS.

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

Other equities research analysts have also recently issued research reports about the stock. KeyCorp raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Wells Fargo & Company lifted their price objective on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays increased their target price on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Morgan Stanley dropped their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Bank of America upped their price target on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. One investment 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 stock has an average rating of “Moderate Buy” and a consensus price target of $70.21.

CMS Energy Stock Performance

Shares of CMS stock opened at $69.52 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The company has a 50 day moving average price of $69.72 and a 200-day moving average price of $65.52. CMS Energy has a 52 week low of $55.10 and a 52 week high of $72.40. The firm has a market capitalization of $20.77 billion, a PE ratio of 19.86, a P/E/G ratio of 2.76 and a beta of 0.41.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CMS. Virtu Financial LLC raised its position in shares of CMS Energy by 18.0% during the third quarter. Virtu Financial LLC now owns 18,358 shares of the utilities provider’s stock valued at $1,297,000 after buying an additional 2,800 shares during the last quarter. M&T Bank Corp grew its stake in CMS Energy by 0.7% during the third quarter. M&T Bank Corp now owns 483,215 shares of the utilities provider’s stock valued at $34,130,000 after acquiring an additional 3,497 shares in the last quarter. Toronto Dominion Bank increased its holdings in CMS Energy by 18.2% in the 3rd quarter. Toronto Dominion Bank now owns 179,223 shares of the utilities provider’s stock valued at $12,659,000 after acquiring an additional 27,562 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in CMS Energy by 16.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,459 shares of the utilities provider’s stock worth $313,000 after purchasing an additional 625 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of CMS Energy by 1.4% during the 3rd 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. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the 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 completion of the sale, the senior vice president now owns 64,771 shares in the company, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.40% 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. Shareholders of record on Wednesday, November 13th will be given a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Wednesday, November 13th. CMS Energy’s dividend payout ratio is presently 58.86%.

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.