$0.51 EPS Expected for CMS Energy Co. (NYSE:CMS) This Quarter

Equities analysts forecast that CMS Energy Co. (NYSE:CMS) will post earnings per share of $0.51 for the current fiscal quarter, Zacks reports. Zero analysts have provided 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 suggest a positive year over year growth rate of 6.3%. The business is expected to issue its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that CMS Energy will report full-year earnings of $2.50 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.51. For the next fiscal year, analysts forecast that the firm will post earnings of $2.66 per share, with EPS estimates ranging from $2.59 to $2.69. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow CMS Energy.

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

CMS has been the topic of several research reports. Argus upped their price target on CMS Energy from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 22nd. SunTrust Banks reiterated a “hold” rating and set a $56.00 price objective on shares of CMS Energy in a research report on Monday, February 25th. Zacks Investment Research cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Thursday, April 11th. Finally, Credit Suisse Group set a $58.00 price objective on shares of CMS Energy and gave the stock a “buy” rating in a research report on Monday, April 22nd. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $55.15.

Shares of NYSE CMS traded up $0.80 during trading on Friday, hitting $58.75. The company had a trading volume of 2,071,156 shares, compared to its average volume of 2,081,429. The stock has a market capitalization of $16.67 billion, a P/E ratio of 25.21, a P/E/G ratio of 3.64 and a beta of 0.17. CMS Energy has a 52 week low of $43.21 and a 52 week high of $59.04. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.92 and a current ratio of 1.13.

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 3rd were issued a dividend of $0.3825 per share. This represents a $1.53 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Thursday, May 2nd. CMS Energy’s dividend payout ratio is currently 65.67%.

In related news, insider Catherine A. Hendrian sold 1,753 shares of CMS Energy stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $56.96, for a total value of $99,850.88. Following the completion of the sale, the insider now owns 37,567 shares of the company’s stock, valued at approximately $2,139,816.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John G. Russell sold 16,800 shares of CMS Energy stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $55.35, for a total transaction 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. Over the last 90 days, insiders have sold 33,256 shares of company stock worth $1,835,676. 0.52% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC lifted its stake in shares of CMS Energy by 79.5% in the 1st quarter. Belpointe Asset Management LLC now owns 5,076 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 2,248 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in CMS Energy during the 1st quarter worth $2,251,000. Marshall Wace LLP acquired a new position in CMS Energy during the 1st quarter worth $137,000. Nordea Investment Management AB lifted its position in CMS Energy by 50.8% during the 1st quarter. Nordea Investment Management AB now owns 23,129 shares of the utilities provider’s stock worth $1,285,000 after acquiring an additional 7,794 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in CMS Energy by 9.1% during the 1st quarter. Horizon Investments LLC now owns 27,284 shares of the utilities provider’s stock worth $1,505,000 after acquiring an additional 2,267 shares during the last quarter. 92.00% of the stock is owned by institutional investors and hedge funds.

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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