FY2024 EPS Estimates for CMS Energy Increased by Analyst

CMS Energy Co. (NYSE:CMS) – Analysts at Zacks Research raised their FY2024 earnings estimates for CMS Energy in a note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $3.34 per share for the year, up from their prior forecast 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.

Several other analysts have also commented on CMS. Scotiabank increased their price target on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Wells Fargo & Company increased their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. KeyCorp increased their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, BMO Capital Markets cut their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $70.21.

CMS Energy Stock Performance

CMS stock opened at $70.42 on Monday. The firm has a market cap of $21.04 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.77 and a beta of 0.41. The firm has a 50-day simple moving average of $69.70 and a two-hundred day simple moving average of $65.62. CMS Energy has a one year low of $55.10 and a one year high of $72.40. 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 released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its holdings in 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 purchasing an additional 157 shares in the last quarter. Voisard Asset Management Group Inc. raised its holdings in shares of CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 163 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of CMS Energy by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 187 shares during the period. Horizon Kinetics Asset Management LLC raised its holdings in shares of CMS Energy by 1.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock worth $1,107,000 after acquiring an additional 200 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of CMS Energy by 25.6% during the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the transaction, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

CMS Energy Increases Dividend

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