CMS Energy (NYSE:CMS) Issues FY25 Earnings Guidance

CMS Energy (NYSE:CMS) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.52 to $3.58 for the period, compared to the consensus estimate of $3.59. CMS Energy also updated its FY 2024 guidance to 3.290-3.350 EPS.

Analyst Ratings Changes

CMS has been the topic of several recent analyst reports. Scotiabank boosted their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Evercore ISI upgraded CMS Energy to a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company upped their price objective on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their target price on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Barclays upped their price target on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.85.

CMS Energy Stock Performance

Shares of NYSE:CMS opened at $68.30 on Friday. The stock has a market capitalization of $20.40 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 2.79 and a beta of 0.41. The business’s fifty day moving average price is $69.80 and its two-hundred day moving average price is $64.67. CMS Energy has a fifty-two week low of $54.13 and a fifty-two week high of $72.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. As a group, analysts predict that CMS Energy will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 3.02%. The ex-dividend date is Wednesday, November 13th. CMS Energy’s payout ratio is currently 63.19%.

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.