CMS Energy Co. (NYSE:CMS – Get Rating) – Research analysts at KeyCorp boosted their Q1 2022 EPS estimates for CMS Energy in a report released on Tuesday, April 19th. KeyCorp analyst S. Karp now expects that the utilities provider will earn $1.07 per share for the quarter, up from their prior forecast of $1.05. KeyCorp has a “Overweight” rating and a $68.00 price target on the stock. KeyCorp also issued estimates for CMS Energy’s Q2 2022 earnings at $0.60 EPS, Q3 2022 earnings at $0.77 EPS, Q4 2022 earnings at $0.44 EPS, FY2023 earnings at $3.12 EPS and FY2026 earnings at $3.85 EPS.
CMS Energy (NYSE:CMS – Get Rating) last issued its quarterly earnings data on Thursday, February 3rd. The utilities provider reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. CMS Energy had a net margin of 18.29% and a return on equity of 12.29%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue was up 17.7% on a year-over-year basis.
CMS stock opened at $71.76 on Thursday. The company has a 50 day moving average price of $67.71 and a 200 day moving average price of $64.16. CMS Energy has a fifty-two week low of $57.92 and a fifty-two week high of $73.76. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.19 and a quick ratio of 0.89. The stock has a market capitalization of $20.82 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.70 and a beta of 0.26.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMS. Marshall Wace LLP bought a new stake in CMS Energy in the first quarter valued at approximately $137,000. Morgan Stanley raised its position in shares of CMS Energy by 278.0% in the second quarter. Morgan Stanley now owns 1,376,040 shares of the utilities provider’s stock valued at $81,296,000 after purchasing an additional 1,011,975 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of CMS Energy by 0.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 48,736 shares of the utilities provider’s stock worth $2,911,000 after buying an additional 357 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in CMS Energy by 776.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,315 shares of the utilities provider’s stock valued at $79,000 after buying an additional 1,165 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in CMS Energy by 935.1% in the 3rd quarter. Whittier Trust Co. now owns 7,080 shares of the utilities provider’s stock valued at $423,000 after acquiring an additional 6,396 shares during the period. Institutional investors and hedge funds own 91.21% of the company’s stock.
In other CMS Energy news, SVP Catherine A. Hendrian sold 6,521 shares of the company’s stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $66.09, for a total transaction of $430,972.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 6th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.56%. CMS Energy’s payout ratio is presently 39.48%.
About CMS Energy (Get Rating)
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.
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