Analysts Offer Predictions for CMS Energy FY2028 Earnings

CMS Energy Co. (NYSE:CMS) – Research analysts at Seaport Res Ptn issued their FY2028 earnings per share estimates for CMS Energy in a note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski forecasts that the utilities provider will post earnings per share of $4.43 for the year. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share.

Several other equities research analysts also recently commented on CMS. Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Morgan Stanley increased their price target on shares of CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Scotiabank boosted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets cut their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday. Finally, StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.85.

CMS Energy Stock Performance

CMS opened at $68.39 on Monday. The business’s 50-day simple moving average is $69.81 and its 200 day simple moving average is $64.79. CMS Energy has a 52-week low of $54.27 and a 52-week high of $72.40. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.87 and a current ratio of 1.61. The firm has a market capitalization of $20.43 billion, a PE ratio of 19.54, a PEG ratio of 2.77 and a beta of 0.41.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business earned $0.61 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.01%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio is presently 58.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp lifted its holdings in shares of CMS Energy by 0.6% during the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock worth $1,511,000 after acquiring an additional 157 shares during the period. Voisard Asset Management Group Inc. boosted its holdings in shares of CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 163 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of CMS Energy by 9.6% in the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 205 shares during the last quarter. Tobam raised its holdings in shares of CMS Energy by 31.7% during the 3rd quarter. Tobam now owns 868 shares of the utilities provider’s stock worth $61,000 after buying an additional 209 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of CMS Energy by 5.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock worth $301,000 after buying an additional 215 shares during the last quarter. 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.