CMS Energy FY2025 EPS Forecast Boosted by Seaport Res Ptn

CMS Energy Co. (NYSE:CMS) – Investment analysts at Seaport Res Ptn increased their FY2025 earnings per share estimates for CMS Energy in a research report issued to clients and investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $3.60 per share for the year, up from their prior forecast of $3.59. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share.

A number of other analysts have also weighed in on the stock. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. KeyCorp increased their price target on 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 boosted 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. Morgan Stanley reduced their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, BMO Capital Markets lowered their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.36.

CMS Energy Price Performance

CMS Energy stock opened at $66.34 on Wednesday. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average price of $67.61 and a 200-day moving average price of $66.87. The firm has a market capitalization of $19.82 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.66 and a beta of 0.42.

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

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.515 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. 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 3.11%. CMS Energy’s payout ratio is 58.86%.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Also, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction on 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 33,686 shares of company stock worth $2,228,084 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

A number of large investors have recently bought and sold shares of the company. Meeder Advisory Services Inc. raised its holdings in shares of CMS Energy by 10.6% during the third quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider’s stock worth $842,000 after purchasing an additional 1,147 shares during the last quarter. Quest Partners LLC boosted its stake in shares of CMS Energy by 130,804.3% in the second quarter. Quest Partners LLC now owns 30,108 shares of the utilities provider’s stock worth $1,792,000 after buying an additional 30,085 shares during the last quarter. Cetera Investment Advisers grew its holdings in CMS Energy by 6.2% during the second quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock worth $1,658,000 after acquiring an additional 1,631 shares during the period. Mizuho Securities USA LLC raised its position in CMS Energy by 992.4% during the third quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider’s stock valued at $18,075,000 after acquiring an additional 228,501 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after purchasing an additional 719,093 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.