Brokerages Anticipate CMS Energy (CMS) to Announce $0.36 EPS

Analysts predict that CMS Energy (NYSE:CMS) will post $0.36 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for CMS Energy’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.41. CMS Energy reported earnings per share of $0.33 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The business is expected to report its next quarterly earnings results on Friday, July 27th.

According to Zacks, analysts expect that CMS Energy will report full-year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.33 to $2.34. For the next fiscal year, analysts anticipate that the company will post earnings of $2.50 per share, with EPS estimates ranging from $2.50 to $2.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow CMS Energy.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 26th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.04. CMS Energy had a net margin of 7.48% and a return on equity of 14.33%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 6.8% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of CMS Energy from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, March 8th. SunTrust Banks reiterated a “hold” rating and issued a $45.00 target price on shares of CMS Energy in a research note on Monday, January 29th. Wells Fargo reduced their target price on shares of CMS Energy from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday. Finally, Citigroup assumed coverage on shares of CMS Energy in a research note on Friday, April 13th. They issued a “neutral” rating and a $46.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $48.08.

CMS Energy opened at $44.08 on Friday, according to Marketbeat. CMS Energy has a 1 year low of $44.16 and a 1 year high of $44.74. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.71. The firm has a market capitalization of $12.61 billion, a PE ratio of 20.31, a PEG ratio of 3.01 and a beta of 0.06.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Friday, May 4th will be given a dividend of $0.3575 per share. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a $1.43 annualized dividend and a yield of 3.24%. CMS Energy’s payout ratio is currently 65.90%.

In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $46.62, for a total transaction of $46,620.00. Following the completion of the transaction, the insider now owns 31,753 shares in the company, valued at $1,480,324.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Catherine M. Reynolds sold 5,611 shares of the stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $46.05, for a total transaction of $258,386.55. Following the transaction, the senior vice president now owns 122,203 shares of the company’s stock, valued at approximately $5,627,448.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,921 shares of company stock valued at $1,134,161. 0.65% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its holdings in CMS Energy by 5.7% during the first quarter. Legal & General Group Plc now owns 2,600,431 shares of the utilities provider’s stock valued at $117,783,000 after purchasing an additional 140,150 shares during the last quarter. Zimmer Partners LP lifted its holdings in CMS Energy by 48.1% during the first quarter. Zimmer Partners LP now owns 2,021,500 shares of the utilities provider’s stock valued at $91,554,000 after purchasing an additional 656,500 shares during the last quarter. Verition Fund Management LLC lifted its holdings in CMS Energy by 332.8% during the first quarter. Verition Fund Management LLC now owns 50,004 shares of the utilities provider’s stock valued at $2,265,000 after purchasing an additional 38,450 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in CMS Energy by 12.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 279,087 shares of the utilities provider’s stock valued at $12,639,000 after purchasing an additional 30,250 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in CMS Energy by 11.6% during the first quarter. Guggenheim Capital LLC now owns 1,141,247 shares of the utilities provider’s stock valued at $51,686,000 after purchasing an additional 118,544 shares during the last quarter. Institutional investors own 88.91% of the company’s stock.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

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Earnings History and Estimates for CMS Energy (NYSE:CMS)

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