Q1 2017 Earnings Estimate for CMS Energy Co. (CMS) Issued By KeyCorp
CMS Energy Co. (NYSE:CMS) – Stock analysts at KeyCorp issued their Q1 2017 EPS estimates for shares of CMS Energy in a research report issued to clients and investors on Tuesday. KeyCorp analyst P. Ridzon expects that the utilities provider will post earnings per share of $0.60 for the quarter.
CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The firm earned $1.64 billion during the quarter, compared to analysts’ expectations of $2.15 billion. CMS Energy had a return on equity of 13.31% and a net margin of 8.61%. CMS Energy’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share.
A number of other equities research analysts have also issued reports on the company. Deutsche Bank AG boosted their target price on CMS Energy from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, April 11th. Zacks Investment Research lowered CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Evercore ISI raised CMS Energy to an “outperform” rating in a research report on Monday, March 6th. Credit Suisse Group AG assumed coverage on CMS Energy in a research report on Wednesday, January 25th. They set a “neutral” rating and a $44.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $46.00 target price on shares of CMS Energy in a research report on Wednesday, January 4th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CMS Energy currently has a consensus rating of “Hold” and an average target price of $46.13.
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CMS Energy (NYSE:CMS) opened at 45.14 on Thursday. The stock has a market cap of $12.62 billion, a PE ratio of 22.80 and a beta of 0.08. The firm has a 50-day moving average price of $44.79 and a 200 day moving average price of $42.37. CMS Energy has a 52-week low of $38.78 and a 52-week high of $46.25.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in CMS Energy during the fourth quarter valued at $94,122,000. Capital Research Global Investors raised its position in CMS Energy by 14.5% in the third quarter. Capital Research Global Investors now owns 10,906,300 shares of the utilities provider’s stock valued at $458,174,000 after buying an additional 1,379,934 shares during the last quarter. Energy Income Partners LLC acquired a new position in CMS Energy during the fourth quarter valued at $43,760,000. Russell Investments Group Ltd. acquired a new position in CMS Energy during the fourth quarter valued at $32,179,000. Finally, RidgeWorth Capital Management LLC acquired a new position in CMS Energy during the fourth quarter valued at $27,808,000. 88.34% of the stock is currently owned by hedge funds and other institutional investors.
About CMS Energy
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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