CMS Energy (CMS) Issues Earnings Results, Hits Expectations

CMS Energy (NYSE:CMS) released its quarterly earnings data on Wednesday. The utilities provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51, Bloomberg Earnings reports. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share.

CMS Energy (NYSE:CMS) opened at $43.05 on Wednesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59. The firm has a market cap of $12,092.71, a P/E ratio of 22.31, a PEG ratio of 2.87 and a beta of 0.09. CMS Energy has a 52-week low of $40.48 and a 52-week high of $50.85.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be given a $0.3575 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.33. CMS Energy’s payout ratio is currently 68.91%.

A number of equities analysts have issued reports on the stock. Wells Fargo & Co upgraded shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, December 18th. Morgan Stanley restated an “equal weight” rating and set a $52.00 target price on shares of CMS Energy in a research report on Wednesday, December 13th. KeyCorp restated a “buy” rating and set a $51.50 target price on shares of CMS Energy in a research report on Friday, December 15th. Bank of America assumed coverage on shares of CMS Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 target price for the company. Finally, Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $48.41.

In other news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Several large investors have recently bought and sold shares of CMS. Zions Bancorporation raised its position in shares of CMS Energy by 8,255.2% in the third quarter. Zions Bancorporation now owns 2,423 shares of the utilities provider’s stock valued at $112,000 after buying an additional 2,394 shares during the last quarter. Archford Capital Strategies LLC raised its position in shares of CMS Energy by 62.0% in the second quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock valued at $122,000 after buying an additional 438 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of CMS Energy in the fourth quarter valued at approximately $122,000. Tower Research Capital LLC TRC increased its position in CMS Energy by 271.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 1,998 shares during the last quarter. Finally, IBM Retirement Fund acquired a new position in CMS Energy during the third quarter worth approximately $205,000. 87.33% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History for CMS Energy (NYSE:CMS)

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