CMS Energy (NYSE:CMS) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

CMS Energy (NYSE:CMS) released its quarterly earnings results on Thursday. The utilities provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01, Zacks reports. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. CMS Energy updated its FY 2025 guidance to 3.540-3.600 EPS.

CMS Energy Stock Down 0.3 %

Shares of CMS traded down $0.22 during mid-day trading on Friday, reaching $68.11. 535,121 shares of the stock traded hands, compared to its average volume of 2,138,021. The stock has a fifty day simple moving average of $66.80 and a 200 day simple moving average of $67.80. The firm has a market cap of $20.35 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 2.39 and a beta of 0.42. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be given a $0.5425 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 3.19%. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now owns 144,059 shares in the company, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,686 shares of company stock worth $2,228,084. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMS. Wells Fargo & Company upped their price target on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective on the stock. Scotiabank raised their target price on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. Finally, Guggenheim reaffirmed a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $71.15.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.