Q4 Earnings Estimate for CMS Energy Issued By Zacks Research

CMS Energy Co. (NYSE:CMS) – Investment analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for shares of CMS Energy in a research report issued on Thursday, December 19th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $0.86 per share for the quarter, down from their previous forecast of $0.87. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share. Zacks Research also issued estimates for CMS Energy’s Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.77 EPS and Q4 2025 earnings at $1.20 EPS.

A number of other equities analysts have also issued reports on the company. Bank of America raised their target price on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. KeyCorp raised their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Barclays upped their target price on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Morgan Stanley cut their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and a consensus target price of $70.36.

CMS Energy Trading Up 0.2 %

Shares of CMS Energy stock opened at $66.82 on Monday. The firm’s 50 day simple moving average is $68.75 and its two-hundred day simple moving average is $66.35. The firm has a market capitalization of $19.96 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.66 and a beta of 0.41. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86.

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 analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.515 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 3.08%. CMS Energy’s payout ratio is presently 58.86%.

Insider Activity at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares in the company, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the transaction, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,686 shares of company stock valued at $2,228,084. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On CMS Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Retirement Systems of Alabama grew its stake in shares of CMS Energy by 1.4% in the second quarter. Retirement Systems of Alabama now owns 65,875 shares of the utilities provider’s stock worth $3,922,000 after acquiring an additional 888 shares in the last quarter. State of Michigan Retirement System grew its stake in CMS Energy by 1.4% during the 2nd quarter. State of Michigan Retirement System now owns 81,799 shares of the utilities provider’s stock worth $4,869,000 after purchasing an additional 1,100 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in CMS Energy by 2.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,050 shares of the utilities provider’s stock worth $15,421,000 after purchasing an additional 6,521 shares during the period. HB Wealth Management LLC raised its position in CMS Energy by 2.5% in the 2nd quarter. HB Wealth Management LLC now owns 19,621 shares of the utilities provider’s stock valued at $1,168,000 after purchasing an additional 477 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in shares of CMS Energy by 22.8% in the 2nd quarter. Whittier Trust Co. now owns 9,249 shares of the utilities provider’s stock valued at $550,000 after buying an additional 1,715 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.