CMS Energy (NYSE:CMS) Issues FY25 Earnings Guidance

CMS Energy (NYSE:CMS) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $3.52 to $3.58 for the period, compared to the consensus EPS estimate of $3.59. CMS Energy also updated its FY 2024 guidance to 3.290-3.350 EPS.

CMS Energy Stock Down 1.9 %

CMS Energy stock opened at $68.30 on Friday. CMS Energy has a fifty-two week low of $54.13 and a fifty-two week high of $72.40. The firm has a market capitalization of $20.40 billion, a PE ratio of 20.95, a P/E/G ratio of 2.79 and a beta of 0.41. The company’s 50-day moving average is $69.80 and its 200-day moving average is $64.67. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that CMS Energy will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 3.02%. CMS Energy’s dividend payout ratio (DPR) is presently 63.19%.

Analysts Set New Price Targets

Several brokerages have weighed in on CMS. KeyCorp lifted their price objective on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Barclays raised their target price on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Bank of America upped their price target on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Guggenheim increased their price target on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Scotiabank boosted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus target price of $69.85.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.