Analysts predict that CMS Energy Co. (NYSE:CMS) will announce earnings of $0.56 per share for the current quarter, according to Zacks. Zero analysts have made estimates for CMS Energy’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.54. CMS Energy posted earnings per share of $0.62 in the same quarter last year, which indicates a negative year-over-year growth rate of 9.7%. The business is scheduled to announce its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that CMS Energy will report full year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.33 to $2.34. For the next financial year, analysts expect that the business will report earnings of $2.51 per share, with EPS estimates ranging from $2.50 to $2.52. Zacks’ EPS calculations are an average based on a survey of research analysts that follow CMS Energy.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, July 26th. The utilities provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.38 billion. CMS Energy had a net margin of 8.13% and a return on equity of 15.14%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday, June 14th. Morgan Stanley lifted their target price on shares of CMS Energy from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, July 16th. Argus raised shares of CMS Energy from a “hold” rating to a “buy” rating in a report on Monday, September 10th. KeyCorp boosted their price objective on shares of CMS Energy from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, May 30th. Finally, Howard Weil reissued a “sector outperform” rating on shares of CMS Energy in a research note on Tuesday, July 24th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $49.80.

In other CMS Energy news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $48.77, for a total value of $48,770.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jon E. Barfield sold 2,861 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $48.45, for a total transaction of $138,615.45. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of CMS Energy by 5.4% during the 1st quarter. BlackRock Inc. now owns 29,023,347 shares of the utilities provider’s stock worth $1,314,466,000 after purchasing an additional 1,489,311 shares during the period. Bank of New York Mellon Corp grew its stake in shares of CMS Energy by 15.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,906,647 shares of the utilities provider’s stock worth $704,787,000 after purchasing an additional 2,030,430 shares during the period. Standard Life Aberdeen plc grew its stake in shares of CMS Energy by 10.5% during the 2nd quarter. Standard Life Aberdeen plc now owns 7,376,627 shares of the utilities provider’s stock worth $348,805,000 after purchasing an additional 698,313 shares during the period. Franklin Resources Inc. grew its stake in shares of CMS Energy by 2.2% during the 1st quarter. Franklin Resources Inc. now owns 5,304,544 shares of the utilities provider’s stock worth $240,241,000 after purchasing an additional 114,480 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 1.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,450,413 shares of the utilities provider’s stock worth $210,417,000 after purchasing an additional 82,602 shares during the period. 89.62% of the stock is currently owned by institutional investors.

Shares of CMS Energy stock opened at $50.38 on Friday. The firm has a market capitalization of $14.25 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 3.48 and a beta of 0.01. CMS Energy has a 12 month low of $40.48 and a 12 month high of $50.85. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.68 and a current ratio of 0.90.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 3rd were paid a $0.3575 dividend. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $1.43 annualized dividend and a yield of 2.84%. CMS Energy’s dividend payout ratio is currently 65.90%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

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Earnings History and Estimates for CMS Energy (NYSE:CMS)

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