Brokerages expect that CMS Energy Co. (NYSE:CMS) will post $1.93 billion in sales for the current quarter, according to Zacks. Two analysts have provided estimates for CMS Energy’s earnings, with the lowest sales estimate coming in at $1.89 billion and the highest estimate coming in at $1.97 billion. CMS Energy posted sales of $1.83 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The firm is expected to issue its next earnings results on Thursday, January 30th.
On average, analysts expect that CMS Energy will report full-year sales of $6.98 billion for the current year, with estimates ranging from $6.92 billion to $7.08 billion. For the next fiscal year, analysts anticipate that the company will post sales of $7.14 billion, with estimates ranging from $7.07 billion to $7.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover CMS Energy.
CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 24th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. CMS Energy had a net margin of 9.03% and a return on equity of 12.80%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $0.59 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year.
CMS has been the subject of several recent research reports. ValuEngine downgraded shares of CMS Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks lifted their price objective on CMS Energy from $62.00 to $63.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Morgan Stanley boosted their target price on CMS Energy from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Zacks Investment Research cut CMS Energy from a “buy” rating to a “hold” rating and set a $67.00 target price for the company. in a report on Monday, September 23rd. Finally, UBS Group raised their price target on CMS Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CMS Energy has an average rating of “Hold” and a consensus price target of $61.21.
In other CMS Energy news, Director Jon E. Barfield sold 8,390 shares of CMS Energy stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $60.75, for a total value of $509,692.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Russell sold 5,600 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $61.03, for a total transaction of $341,768.00. Following the completion of the transaction, the director now owns 201,311 shares in the company, valued at approximately $12,286,010.33. The disclosure for this sale can be found here. Insiders sold 26,690 shares of company stock worth $1,660,208 over the last three months. Corporate insiders own 0.52% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in CMS Energy in the 1st quarter worth about $137,000. Creative Planning raised its holdings in shares of CMS Energy by 3.7% during the second quarter. Creative Planning now owns 14,985 shares of the utilities provider’s stock valued at $868,000 after purchasing an additional 530 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of CMS Energy by 134.2% during the second quarter. SG Americas Securities LLC now owns 67,747 shares of the utilities provider’s stock valued at $3,923,000 after purchasing an additional 38,816 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in CMS Energy by 2.1% during the second quarter. Janney Montgomery Scott LLC now owns 50,747 shares of the utilities provider’s stock valued at $2,939,000 after purchasing an additional 1,066 shares during the period. Finally, First Trust Advisors LP lifted its position in CMS Energy by 33.0% during the second quarter. First Trust Advisors LP now owns 788,740 shares of the utilities provider’s stock valued at $45,676,000 after purchasing an additional 195,820 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.
Shares of CMS Energy stock opened at $61.28 on Tuesday. The firm has a market capitalization of $17.44 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 3.84 and a beta of 0.05. The company has a current ratio of 1.06, a quick ratio of 0.74 and a debt-to-equity ratio of 2.43. CMS Energy has a 12 month low of $47.63 and a 12 month high of $65.31. The business’s 50-day moving average price is $61.82 and its 200-day moving average price is $60.70.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 1st were given a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, October 31st. CMS Energy’s dividend payout ratio (DPR) is presently 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.
Read More: Asset Allocation and Your Retirement
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.