CMS Energy (NYSE:CMS) Announces Earnings Results

CMS Energy (NYSE:CMS) posted its quarterly earnings results on Thursday. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 Up 1.6 %

CMS stock traded up $1.07 during trading on Thursday, reaching $68.19. 3,448,859 shares of the stock were exchanged, compared to its average volume of 2,207,257. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm’s 50 day moving average is $66.84 and its 200 day moving average is $67.79. The firm has a market cap of $20.38 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 2.39 and a beta of 0.42. CMS Energy has a twelve month low of $55.10 and a twelve month high of $72.40.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 17th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.18%. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is currently 58.86%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the transaction, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at approximately $4,248,102.34. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now directly owns 24,417 shares in the company, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,686 shares of company stock valued at $2,228,084 over the last three months. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMS shares. Jefferies Financial Group started coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. BMO Capital Markets dropped their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

CMS Energy Company Profile

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.