CMS Energy (CMS) to Release Earnings on Wednesday

CMS Energy (NYSE:CMS) will be releasing its earnings data before the market opens on Wednesday, February 14th. Analysts expect CMS Energy to post earnings of $0.51 per share for the quarter.

Shares of CMS Energy (CMS) opened at $42.16 on Wednesday. CMS Energy has a 52 week low of $41.07 and a 52 week high of $50.85. The stock has a market capitalization of $11,890.00, a PE ratio of 21.84, a P/E/G ratio of 2.91 and a beta of 0.09. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be paid a $0.3575 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.33. This represents a $1.43 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, February 15th. CMS Energy’s payout ratio is currently 68.91%.

Several equities research analysts have recently weighed in on CMS shares. Zacks Investment Research cut CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. SunTrust Banks reiterated a “hold” rating and set a $45.00 price target on shares of CMS Energy in a research report on Monday, January 29th. Bank of America started coverage on CMS Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target on the stock. UBS Group started coverage on CMS Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $49.00 price target on the stock. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $52.00 price target on shares of CMS Energy in a research report on Wednesday, December 13th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $49.14.

In other news, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

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CMS Energy Company Profile

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.

Earnings History for CMS Energy (NYSE:CMS)

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