Zacks: Analysts Anticipate CMS Energy Co. (NYSE:CMS) to Post $1.18 Earnings Per Share

Analysts expect that CMS Energy Co. (NYSE:CMSGet Rating) will report earnings of $1.18 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for CMS Energy’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.35. CMS Energy posted earnings per share of $1.21 in the same quarter last year, which suggests a negative year over year growth rate of 2.5%. The firm is scheduled to report its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that CMS Energy will report full year earnings of $2.87 per share for the current year, with EPS estimates ranging from $2.86 to $2.89. For the next fiscal year, analysts expect that the firm will post earnings of $3.12 per share, with EPS estimates ranging from $3.08 to $3.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover CMS Energy.

CMS Energy (NYSE:CMSGet Rating) last released its earnings results on Thursday, February 3rd. The utilities provider reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.78 billion. CMS Energy had a return on equity of 12.29% and a net margin of 18.29%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share.

A number of research analysts recently commented on CMS shares. UBS Group increased their target price on CMS Energy from $65.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, December 23rd. Morgan Stanley raised their price objective on CMS Energy from $60.00 to $64.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 22nd. Mizuho reduced their price objective on CMS Energy from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, March 2nd. BMO Capital Markets raised their price objective on CMS Energy from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, March 8th. Finally, Evercore ISI reaffirmed a “hold” rating and set a $67.00 price objective on shares of CMS Energy in a research note on Friday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.67.

In related news, SVP Catherine A. Hendrian sold 6,521 shares of the firm’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $66.09, for a total value of $430,972.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dividend Assets Capital LLC lifted its holdings in CMS Energy by 4.0% in the third quarter. Dividend Assets Capital LLC now owns 4,669 shares of the utilities provider’s stock worth $279,000 after buying an additional 179 shares during the period. Mirador Capital Partners LP lifted its holdings in CMS Energy by 3.0% in the third quarter. Mirador Capital Partners LP now owns 6,401 shares of the utilities provider’s stock worth $382,000 after buying an additional 185 shares during the period. Louisiana State Employees Retirement System lifted its holdings in CMS Energy by 1.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the utilities provider’s stock worth $1,184,000 after buying an additional 200 shares during the period. Freestone Capital Holdings LLC lifted its holdings in CMS Energy by 4.8% in the fourth quarter. Freestone Capital Holdings LLC now owns 4,381 shares of the utilities provider’s stock worth $285,000 after buying an additional 202 shares during the period. Finally, Whittier Trust Co. lifted its holdings in CMS Energy by 3.0% in the fourth quarter. Whittier Trust Co. now owns 7,291 shares of the utilities provider’s stock worth $474,000 after buying an additional 211 shares during the period. Institutional investors and hedge funds own 91.21% of the company’s stock.

CMS opened at $71.55 on Thursday. The stock has a market cap of $20.76 billion, a PE ratio of 15.35, a P/E/G ratio of 2.70 and a beta of 0.26. The company has a quick ratio of 0.89, a current ratio of 1.19 and a debt-to-equity ratio of 1.74. CMS Energy has a 52 week low of $57.92 and a 52 week high of $73.64. The business’s fifty day simple moving average is $66.83 and its 200 day simple moving average is $63.77.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Friday, February 11th were paid a $0.46 dividend. The ex-dividend date was Thursday, February 10th. This is a boost from CMS Energy’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 2.57%. CMS Energy’s dividend payout ratio (DPR) is presently 39.48%.

About CMS Energy (Get Rating)

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.

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