CMS Energy Co. (CMS) Expected to Post Earnings of $0.51 Per Share

Wall Street brokerages expect CMS Energy Co. (NYSE:CMS) to report earnings per share of $0.51 for the current quarter, according to Zacks. Zero analysts have made estimates for CMS Energy’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.40. CMS Energy posted earnings of $0.48 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The business is expected to announce its next earnings report on Thursday, July 25th.

On average, analysts expect that CMS Energy will report full year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from $2.49 to $2.50. For the next year, analysts expect that the firm will report earnings of $2.68 per share, with EPS estimates ranging from $2.66 to $2.69. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow CMS Energy.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). CMS Energy had a net margin of 9.01% and a return on equity of 13.16%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis.

CMS has been the subject of several research analyst reports. Zacks Investment Research raised CMS Energy from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, April 3rd. SunTrust Banks reiterated a “hold” rating and issued a $56.00 target price on shares of CMS Energy in a report on Monday, February 25th. Bank of America upgraded CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, April 11th. Argus upped their target price on CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. Finally, Morgan Stanley upped their target price on CMS Energy from $56.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, May 16th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $55.31.

Shares of CMS traded up $0.07 during midday trading on Thursday, hitting $56.79. 94,826 shares of the company traded hands, compared to its average volume of 2,226,977. CMS Energy has a one year low of $42.52 and a one year high of $57.09. The stock has a market cap of $16.02 billion, a PE ratio of 24.41, a P/E/G ratio of 3.55 and a beta of 0.18. The company has a quick ratio of 0.92, a current ratio of 1.13 and a debt-to-equity ratio of 2.29.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, May 2nd. CMS Energy’s dividend payout ratio (DPR) is currently 65.67%.

In related news, SVP Catherine M. Reynolds sold 6,203 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $54.63, for a total value of $338,869.89. Following the completion of the sale, the senior vice president now owns 121,211 shares of the company’s stock, valued at $6,621,756.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John G. Russell sold 16,800 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $55.35, for a total value of $929,880.00. Following the completion of the sale, the director now directly owns 299,196 shares of the company’s stock, valued at approximately $16,560,498.60. The disclosure for this sale can be found here. Insiders have sold a total of 31,503 shares of company stock valued at $1,735,825 over the last 90 days. 0.52% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of CMS. Vanguard Group Inc increased its stake in shares of CMS Energy by 2.2% in the third quarter. Vanguard Group Inc now owns 33,531,947 shares of the utilities provider’s stock valued at $1,643,065,000 after purchasing an additional 723,850 shares during the period. BlackRock Inc. increased its position in shares of CMS Energy by 4.3% in the fourth quarter. BlackRock Inc. now owns 26,150,756 shares of the utilities provider’s stock worth $1,298,384,000 after purchasing an additional 1,069,422 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of CMS Energy by 1.1% in the first quarter. JPMorgan Chase & Co. now owns 15,766,374 shares of the utilities provider’s stock worth $875,664,000 after purchasing an additional 175,679 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CMS Energy by 11.1% in the first quarter. Geode Capital Management LLC now owns 4,152,145 shares of the utilities provider’s stock worth $230,226,000 after purchasing an additional 414,707 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of CMS Energy by 1.2% in the first quarter. Northern Trust Corp now owns 3,662,432 shares of the utilities provider’s stock worth $203,411,000 after purchasing an additional 44,908 shares during the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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