CMS Energy Co. (NYSE:CMS) Expected to Earn FY2021 Earnings of $2.65 Per Share

CMS Energy Co. (NYSE:CMS) – Equities researchers at KeyCorp cut their FY2021 earnings estimates for CMS Energy in a report released on Wednesday, November 24th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $2.65 for the year, down from their previous forecast of $2.80.

CMS has been the subject of several other research reports. Evercore ISI reaffirmed a “hold” rating and issued a $62.00 price objective on shares of CMS Energy in a report on Friday, July 30th. Morgan Stanley reduced their price objective on shares of CMS Energy from $66.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, September 20th. Finally, Mizuho upped their price objective on shares of CMS Energy from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, September 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.00.

Shares of CMS opened at $61.04 on Thursday. CMS Energy has a 1 year low of $53.19 and a 1 year high of $65.79. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 3.30 and a beta of 0.22. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.53 and a current ratio of 0.76. The firm has a fifty day moving average of $60.51 and a 200-day moving average of $61.64.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Wednesday, October 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. CMS Energy had a net margin of 12.17% and a return on equity of 13.05%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 30th. Shareholders of record on Friday, November 5th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Thursday, November 4th. CMS Energy’s payout ratio is 57.81%.

In other CMS Energy news, SVP Jean-Francois Brossoit sold 770 shares of the business’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $64.82, for a total transaction of $49,911.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Brian F. Rich sold 3,500 shares of the business’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $60.32, for a total value of $211,120.00. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Achmea Investment Management B.V. acquired a new position in shares of CMS Energy in the 3rd quarter valued at about $25,000. San Francisco Sentry Investment Group CA increased its holdings in shares of CMS Energy by 722.2% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 444 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 390 shares during the period. Assetmark Inc. increased its holdings in shares of CMS Energy by 322.4% in the 3rd quarter. Assetmark Inc. now owns 566 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 432 shares during the period. Strategic Asset Management LLC acquired a new position in shares of CMS Energy in the 3rd quarter valued at about $37,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of CMS Energy by 35.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 702 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 90.31% of the company’s stock.

About CMS Energy

CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity.

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

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