Seaport Res Ptn Forecasts Higher Earnings for CMS Energy

CMS Energy Co. (NYSE:CMS) – Seaport Res Ptn increased their FY2024 earnings per share (EPS) estimates for CMS Energy in a note issued to investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings per share of $3.34 for the year, up from their previous forecast of $3.33. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share. Seaport Res Ptn also issued estimates for CMS Energy’s FY2026 earnings at $3.87 EPS, FY2027 earnings at $4.15 EPS and FY2028 earnings at $4.46 EPS.

A number of other brokerages have also commented on CMS. Barclays upped 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. KeyCorp boosted their price target on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Morgan Stanley lowered their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Mizuho lowered shares of 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. Finally, StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.36.

CMS Energy Trading Up 0.4 %

CMS Energy stock opened at $65.71 on Tuesday. The business’s 50-day simple moving average is $67.75 and its 200-day simple moving average is $66.88. 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 $19.63 billion, a PE 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 quick ratio of 0.83 and a current ratio of 1.23.

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

Institutional Trading of CMS Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in CMS. Mackenzie Financial Corp boosted its holdings in shares of CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after buying an additional 157 shares during the last quarter. Voisard Asset Management Group Inc. grew its holdings in CMS Energy by 25.7% during the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 163 shares during the period. OneDigital Investment Advisors LLC increased its position in CMS Energy by 5.4% during the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after buying an additional 187 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its stake in CMS Energy by 1.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after buying an additional 200 shares during the period. Finally, Private Trust Co. NA lifted its position in shares of CMS Energy by 25.6% in the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock valued at $69,000 after buying an additional 200 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CMS Energy news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the sale, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,686 shares of company stock worth $2,228,084. Company insiders own 0.40% of the company’s stock.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.13%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is currently 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.