CMS Energy Corporation (NYSE:CMS) – Stock analysts at SunTrust Banks boosted their Q4 2017 earnings estimates for CMS Energy Corporation in a research note issued to investors on Friday. SunTrust Banks analyst A. Agha now expects that the utilities provider will earn $0.36 per share for the quarter, up from their prior estimate of $0.30. SunTrust Banks also issued estimates for CMS Energy Corporation’s Q2 2018 earnings at $0.35 EPS, Q1 2019 earnings at $0.81 EPS and Q2 2019 earnings at $0.38 EPS.
CMS has been the topic of several other research reports. Morgan Stanley assumed coverage on CMS Energy Corporation in a report on Monday. They set an “equal weight” rating and a $47.00 target price on the stock. Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $46.00 to $50.00 in a report on Monday, July 24th. BMO Capital Markets reissued a “buy” rating and set a $48.00 target price on shares of CMS Energy Corporation in a report on Tuesday, May 2nd. Barclays PLC restated an “equal weight” rating and issued a $49.00 price target (up previously from $44.00) on shares of CMS Energy Corporation in a research report on Sunday, April 23rd. Finally, BidaskClub lowered shares of CMS Energy Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. CMS Energy Corporation has a consensus rating of “Hold” and a consensus price target of $47.50.
CMS Energy Corporation (NYSE:CMS) traded up 0.984% during midday trading on Monday, hitting $46.695. The company had a trading volume of 2,326,810 shares. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $48.37. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 23.583 and a beta of 0.16. The company’s 50 day moving average is $46.66 and its 200 day moving average is $45.16.
CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.08. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. CMS Energy Corporation had a return on equity of 13.00% and a net margin of 8.52%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 4th will be given a $0.3325 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.33 annualized dividend and a yield of 2.88%. CMS Energy Corporation’s dividend payout ratio (DPR) is 66.83%.
In other CMS Energy Corporation news, SVP Catherine M. Reynolds sold 10,246 shares of CMS Energy Corporation stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $45.49, for a total value of $466,090.54. Following the transaction, the senior vice president now owns 113,956 shares in the company, valued at $5,183,858.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel J. Malone sold 10,000 shares of CMS Energy Corporation stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $47.42, for a total transaction of $474,200.00. Following the completion of the transaction, the insider now owns 148,622 shares in the company, valued at approximately $7,047,655.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,246 shares of company stock worth $4,114,711. 0.65% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of CMS. Van ECK Associates Corp boosted its position in CMS Energy Corporation by 18.0% in the first quarter. Van ECK Associates Corp now owns 2,421 shares of the utilities provider’s stock valued at $108,000 after buying an additional 370 shares during the last quarter. Quadrant Capital Group LLC boosted its position in CMS Energy Corporation by 5.7% in the first quarter. Quadrant Capital Group LLC now owns 2,701 shares of the utilities provider’s stock valued at $118,000 after buying an additional 145 shares during the last quarter. Brookfield Asset Management Inc. purchased a new position in CMS Energy Corporation during the first quarter valued at $159,000. Meeder Asset Management Inc. purchased a new position in CMS Energy Corporation during the second quarter valued at $185,000. Finally, Parametrica Management Ltd purchased a new position in CMS Energy Corporation during the first quarter valued at $200,000. Hedge funds and other institutional investors own 87.12% of the company’s stock.
CMS Energy Corporation Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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