What is KeyCorp’s Forecast for CMS Energy Q4 Earnings?

CMS Energy Co. (NYSE:CMS) – Analysts at KeyCorp lowered their Q4 2024 earnings per share estimates for CMS Energy in a note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $0.84 for the quarter, down from their previous forecast of $0.88. KeyCorp currently has a “Overweight” rating and a $76.00 price target on the stock. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share.

A number of other analysts also recently commented on CMS. Scotiabank boosted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Morgan Stanley lowered their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets cut their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company raised their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average price target of $70.21.

CMS Energy Trading Down 0.3 %

NYSE:CMS opened at $67.18 on Thursday. CMS Energy has a 1 year low of $55.10 and a 1 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. The stock has a fifty day moving average price of $69.57 and a two-hundred day moving average price of $65.87. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.72 and a beta of 0.41.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate 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 was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share.

Institutional Investors Weigh In On CMS Energy

Several institutional investors and hedge funds have recently modified their holdings of CMS. Cetera Investment Advisers boosted its stake in shares of CMS Energy by 325.4% in the first quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider’s stock valued at $1,582,000 after purchasing an additional 20,056 shares during the period. Kingswood Wealth Advisors LLC grew its stake in shares of CMS Energy by 6.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 4,201 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 265 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of CMS Energy by 18.6% during the second quarter. QRG Capital Management Inc. now owns 12,012 shares of the utilities provider’s stock worth $715,000 after acquiring an additional 1,880 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of CMS Energy by 1,438.9% in the second quarter. SG Americas Securities LLC now owns 99,258 shares of the utilities provider’s stock worth $5,909,000 after acquiring an additional 92,808 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its holdings in CMS Energy by 5.2% in the second quarter. Mirador Capital Partners LP now owns 13,094 shares of the utilities provider’s stock valued at $780,000 after purchasing an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were 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 of the company’s stock, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now directly owns 24,417 shares in the company, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.07%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) 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.