CMS Energy Co. (NYSE:CMS) – SunTrust Banks boosted their FY2018 earnings per share estimates for CMS Energy in a research note issued on Wednesday. SunTrust Banks analyst A. Agha now expects that the utilities provider will earn $2.33 per share for the year, up from their previous estimate of $2.32. SunTrust Banks has a “Hold” rating and a $44.00 price target on the stock. SunTrust Banks also issued estimates for CMS Energy’s Q4 2018 earnings at $0.56 EPS, Q2 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.59 EPS and FY2019 earnings at $2.50 EPS.
CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company earned $0.29 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year.
Shares of CMS Energy (CMS) traded up $0.75 during midday trading on Thursday, hitting $43.29. 1,255,636 shares of the stock traded hands, compared to its average volume of 3,017,753. CMS Energy has a one year low of $40.48 and a one year high of $50.85. The stock has a market cap of $12,100.00, a PE ratio of 22.44, a PEG ratio of 2.88 and a beta of 0.09. 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 also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be given a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a yield of 3.30%. This is a boost from CMS Energy’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, February 15th. CMS Energy’s dividend payout ratio is 68.91%.
In related news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Sentry Investment Management LLC boosted its holdings in CMS Energy by 0.9% during the second quarter. Sentry Investment Management LLC now owns 21,980 shares of the utilities provider’s stock worth $1,017,000 after buying an additional 201 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in CMS Energy by 62.0% during the second quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock worth $122,000 after buying an additional 438 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in CMS Energy by 4.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 30,173 shares of the utilities provider’s stock worth $1,398,000 after buying an additional 1,191 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in CMS Energy by 3.2% during the third quarter. Janney Montgomery Scott LLC now owns 39,061 shares of the utilities provider’s stock worth $1,809,000 after buying an additional 1,210 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CMS Energy by 2.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,831 shares of the utilities provider’s stock worth $2,632,000 after buying an additional 1,252 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.
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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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