Seaport Res Ptn Predicts Stronger Earnings for CMS Energy

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

Other analysts also recently issued research reports about the company. Jefferies Financial Group assumed coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. Morgan Stanley decreased their price objective 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. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. BMO Capital Markets dropped their price objective 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. Finally, Wells Fargo & Company lifted their target price 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.36.

CMS Energy Price Performance

NYSE:CMS opened at $66.34 on Wednesday. CMS Energy has a 52-week low of $55.10 and a 52-week 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 firm has a market capitalization of $19.82 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 2.66 and a beta of 0.42. The stock has a fifty day moving average of $67.61 and a 200 day moving average of $66.87.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion for 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 company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share.

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 paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.11%. This is a boost 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 is presently 58.86%.

Insider Buying and Selling

In other news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction that occurred on Thursday, December 19th. The shares were 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 in the company, valued at $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy 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 completion of the sale, the senior vice president now directly 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 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 in the last three months. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CMS. First Horizon Advisors Inc. increased its stake in shares of CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of CMS Energy during the 3rd quarter valued at about $40,000. Covestor Ltd grew its position in shares of CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares in the last quarter. Values First Advisors Inc. bought a new stake in shares of CMS Energy in the third quarter worth about $56,000. Finally, Voisard Asset Management Group Inc. lifted its position in shares of CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after buying an additional 163 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

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.