KeyCorp Comments on CMS Energy’s Q4 Earnings (NYSE:CMS)

CMS Energy Co. (NYSE:CMS) – Analysts at KeyCorp reduced their Q4 2024 earnings estimates for shares of CMS Energy in a research note issued to investors on Monday, October 21st. KeyCorp analyst S. Karp now forecasts that the utilities provider will earn $0.88 per share for the quarter, down from their prior estimate of $0.90. KeyCorp has a “Overweight” rating and a $76.00 price target on the stock. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share. KeyCorp also issued estimates for CMS Energy’s FY2025 earnings at $3.57 EPS, FY2026 earnings at $3.82 EPS, FY2027 earnings at $4.09 EPS and FY2028 earnings at $4.17 EPS.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. CMS Energy’s revenue was up 3.3% on a year-over-year basis.

Other equities analysts also recently issued research reports about the company. Barclays boosted their price target on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. BMO Capital Markets raised their price target on CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, Bank of America raised their target price on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.85.

CMS Energy Stock Down 0.2 %

CMS Energy stock opened at $71.03 on Wednesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The company’s 50-day moving average is $69.20 and its 200-day moving average is $64.02. The firm has a market capitalization of $21.21 billion, a PE ratio of 21.66, a P/E/G ratio of 2.77 and a beta of 0.41. CMS Energy has a fifty-two week low of $52.12 and a fifty-two week high of $71.57.

Institutional Investors Weigh In On CMS Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of CMS Energy during the 4th quarter worth approximately $4,116,000. Global Assets Advisory LLC acquired a new position in shares of CMS Energy during the 1st quarter worth $2,646,000. Gateway Investment Advisers LLC grew its position in CMS Energy by 10.5% in the first quarter. Gateway Investment Advisers LLC now owns 26,308 shares of the utilities provider’s stock valued at $1,587,000 after acquiring an additional 2,495 shares during the last quarter. Viking Fund Management LLC bought a new position in shares of CMS Energy in the first quarter worth about $2,655,000. Finally, Ausbil Investment Management Ltd acquired a new stake in shares of CMS Energy in the 1st quarter valued at approximately $4,062,000. Institutional investors own 93.57% of the company’s stock.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $0.515 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

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.