Equities analysts expect that CMS Energy Co. (NYSE:CMS) will report earnings per share of $0.51 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for CMS Energy’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.52. CMS Energy posted earnings of $0.29 per share during the same quarter last year, which would indicate a positive year over year growth rate of 75.9%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, February 14th.

According to Zacks, analysts expect that CMS Energy will report full year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.17 to $2.18. For the next year, analysts forecast that the business will post earnings of $2.32 per share, with EPS estimates ranging from $2.31 to $2.34. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow CMS Energy.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. CMS Energy’s revenue for the quarter was down 3.8% on a year-over-year basis.

CMS has been the subject of several research reports. Zacks Investment Research downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Bank of America initiated coverage on shares of CMS Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $52.00 price objective for the company. SunTrust Banks reiterated a “hold” rating and set a $47.00 price objective on shares of CMS Energy in a research note on Wednesday, October 4th. Morgan Stanley reiterated an “equal weight” rating and set a $52.00 price objective on shares of CMS Energy in a research note on Wednesday, December 13th. Finally, Wells Fargo & Co upgraded shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, December 18th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.05.

CMS Energy (NYSE CMS) traded up $0.29 on Thursday, reaching $44.55. 1,910,100 shares of the company’s stock traded hands, compared to its average volume of 2,380,882. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 1.99. CMS Energy has a 12 month low of $41.58 and a 12 month high of $50.85. The stock has a market capitalization of $12,481.88, a P/E ratio of 23.08, a P/E/G ratio of 2.94 and a beta of 0.19.

In other news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total value of $48,020.00. Following the completion of the transaction, the insider now directly owns 28,176 shares in the company, valued at $1,353,011.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Shell Asset Management Co. raised its holdings in CMS Energy by 12.3% in the third quarter. Shell Asset Management Co. now owns 81,839 shares of the utilities provider’s stock valued at $2,427,000 after acquiring an additional 8,976 shares in the last quarter. Toronto Dominion Bank raised its holdings in CMS Energy by 18.4% in the third quarter. Toronto Dominion Bank now owns 106,908 shares of the utilities provider’s stock valued at $4,951,000 after acquiring an additional 16,607 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in CMS Energy by 8.9% in the third quarter. Canada Pension Plan Investment Board now owns 965,860 shares of the utilities provider’s stock valued at $44,739,000 after acquiring an additional 79,200 shares in the last quarter. Scout Investments Inc. acquired a new stake in CMS Energy in the third quarter valued at $7,003,000. Finally, Janus Henderson Group PLC raised its holdings in CMS Energy by 23.6% in the third quarter. Janus Henderson Group PLC now owns 1,610,745 shares of the utilities provider’s stock valued at $74,609,000 after acquiring an additional 307,776 shares in the last quarter. 87.25% of the stock is currently owned by hedge funds and other institutional investors.

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

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