Q4 Earnings Forecast for CMS Energy Issued By Zacks Research

CMS Energy Co. (NYSE:CMS) – Investment analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for CMS Energy in a research note issued on Thursday, December 19th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $0.86 per share for the quarter, down from their previous forecast of $0.87. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share. Zacks Research also issued estimates for CMS Energy’s Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.77 EPS and Q4 2025 earnings at $1.20 EPS.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share.

Several other equities analysts have also recently issued reports on the company. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Wells Fargo & Company increased their target price on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Bank of America raised their price objective on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays boosted their target price 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. Finally, Jefferies Financial Group began coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.36.

CMS Energy Stock Performance

Shares of CMS opened at $66.82 on Monday. CMS Energy has a 1 year low of $55.10 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The company’s fifty day moving average is $68.75 and its two-hundred day moving average is $66.35. The stock has a market capitalization of $19.96 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.66 and a beta of 0.41.

Institutional Investors Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently modified their holdings of CMS. First Horizon Advisors Inc. lifted its stake in CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of CMS Energy in the 3rd quarter worth about $40,000. Innealta Capital LLC acquired a new position in shares of CMS Energy in the 2nd quarter valued at about $43,000. Covestor Ltd grew its position in shares of CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after buying an additional 472 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new stake in CMS Energy during the third quarter worth about $56,000. Institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the sale, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,686 shares of company stock worth $2,228,084 over the last quarter. 0.40% of the stock is owned by corporate insiders.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.515 dividend. The ex-dividend date was Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 3.08%. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

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.