CMS Energy Co. (NYSE:CMS) – Analysts at KeyCorp issued their FY2019 earnings estimates for CMS Energy in a research report issued to clients and investors on Tuesday, June 4th, Zacks Investment Research reports. KeyCorp analyst S. Karp expects that the utilities provider will earn $2.51 per share for the year. KeyCorp has a “Sector Weight” rating on the stock.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). CMS Energy had a return on equity of 13.16% and a net margin of 9.01%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year.
A number of other brokerages also recently issued reports on CMS. Barclays reissued a “hold” rating and issued a $61.00 price target on shares of CMS Energy in a report on Thursday, June 20th. Morgan Stanley raised their target price on shares of CMS Energy from $56.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, May 16th. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating and set a $59.00 target price on the stock in a research note on Wednesday, May 29th. Bank of America raised shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Thursday, April 11th. Finally, Credit Suisse Group set a $58.00 target price on shares of CMS Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $55.85.
Shares of CMS Energy stock traded up $0.40 on Friday, reaching $57.91. The stock had a trading volume of 2,563,105 shares, compared to its average volume of 2,300,141. CMS Energy has a 1 year low of $46.25 and a 1 year high of $59.34. The stock has a market capitalization of $16.43 billion, a P/E ratio of 24.85, a P/E/G ratio of 3.63 and a beta of 0.17. The company has a current ratio of 1.13, a quick ratio of 0.92 and a debt-to-equity ratio of 2.29. The stock’s 50 day moving average price is $57.27.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc boosted its holdings in 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 acquiring an additional 723,850 shares in the last quarter. BlackRock Inc. boosted its holdings in CMS Energy by 4.3% in the fourth quarter. BlackRock Inc. now owns 26,150,756 shares of the utilities provider’s stock valued at $1,298,384,000 after acquiring an additional 1,069,422 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in CMS Energy by 1.1% in the first quarter. JPMorgan Chase & Co. now owns 15,766,374 shares of the utilities provider’s stock valued at $875,664,000 after acquiring an additional 175,679 shares in the last quarter. Geode Capital Management LLC lifted its position in CMS Energy by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 3,737,438 shares of the utilities provider’s stock valued at $185,237,000 after buying an additional 253,498 shares during the period. Finally, Northern Trust Corp lifted its position in CMS Energy by 1.2% during the first quarter. Northern Trust Corp now owns 3,662,432 shares of the utilities provider’s stock valued at $203,411,000 after buying an additional 44,908 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.
In other news, insider Catherine A. Hendrian sold 1,753 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 37,567 shares in the company, valued at $2,139,816.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Russell sold 16,800 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $55.35, for a total transaction of $929,880.00. Following the completion of the transaction, the director now owns 299,196 shares in the company, valued at approximately $16,560,498.60. The disclosure for this sale can be found here. Insiders have sold 33,256 shares of company stock worth $1,835,676 over the last quarter. Company insiders own 0.52% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 3rd were given a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Thursday, May 2nd. CMS Energy’s payout ratio is currently 65.67%.
About CMS Energy
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.