Q4 Earnings Forecast for CMS Energy Issued By Zacks Research

CMS Energy Co. (NYSE:CMS) – Investment analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for shares of CMS Energy in a research note issued on Thursday, December 19th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $0.86 per share for the quarter, down from their previous estimate of $0.87. 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 Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.77 EPS and Q4 2025 earnings at $1.20 EPS.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data 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. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share.

A number of other research analysts have also recently issued reports on CMS. Morgan Stanley decreased their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Barclays boosted their price objective on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company raised their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Scotiabank upped their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets lowered their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.36.

CMS Energy Price Performance

Shares of CMS stock opened at $66.67 on Monday. The firm has a market capitalization of $19.92 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 2.66 and a beta of 0.41. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40. 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 firm has a fifty day moving average of $68.81 and a 200-day moving average of $66.32.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.515 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio is currently 58.86%.

Insider Activity

In other news, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,686 shares of company stock valued at $2,228,084. 0.40% of the stock is owned by insiders.

Institutional Trading of CMS Energy

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in shares of CMS Energy by 7.6% during the third quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider’s stock worth $28,840,000 after purchasing an additional 28,695 shares during the period. Tidal Investments LLC grew its holdings in CMS Energy by 17.6% in the 3rd quarter. Tidal Investments LLC now owns 19,780 shares of the utilities provider’s stock valued at $1,397,000 after buying an additional 2,965 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in CMS Energy during the 3rd quarter worth $589,000. World Investment Advisors LLC acquired a new stake in shares of CMS Energy during the third quarter worth $248,000. Finally, Sanctuary Advisors LLC boosted its position in shares of CMS Energy by 34.6% in the third quarter. Sanctuary Advisors LLC now owns 34,904 shares of the utilities provider’s stock valued at $2,427,000 after acquiring an additional 8,975 shares during the period. Institutional investors and hedge funds 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.