KeyCorp Has Negative Estimate for CMS Energy Q4 Earnings

CMS Energy Co. (NYSE:CMS) – Investment analysts at KeyCorp decreased their Q4 2024 earnings per share (EPS) estimates for CMS Energy in a research note issued to investors on Monday, October 21st. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $0.88 per share for the quarter, down from their previous forecast of $0.90. KeyCorp currently has a “Overweight” rating and a $76.00 price objective 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.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company upped their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. BMO Capital Markets raised their price objective on CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Evercore ISI upgraded CMS Energy to a “hold” rating in a report on Friday, July 26th. Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Finally, Guggenheim lifted their price objective on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $69.85.

CMS Energy Trading Up 1.5 %

CMS stock opened at $72.10 on Wednesday. CMS Energy has a 12 month low of $52.99 and a 12 month high of $72.12. The firm’s 50-day moving average is $69.32 and its 200 day moving average is $64.08. The company has a market capitalization of $21.53 billion, a PE ratio of 21.98, a P/E/G ratio of 2.77 and a beta of 0.41. 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 earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share.

Institutional Trading of CMS Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. TruNorth Capital Management LLC raised its stake in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after buying an additional 578 shares during the last quarter. Headlands Technologies LLC acquired a new stake in CMS Energy in the 1st quarter worth approximately $43,000. Innealta Capital LLC acquired a new stake in CMS Energy in the 2nd quarter worth approximately $43,000. Values First Advisors Inc. purchased a new stake in CMS Energy during the 3rd quarter worth approximately $56,000. Finally, Tobam increased its stake in CMS Energy by 31.7% during the 3rd quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.515 dividend. 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 2.86%. The ex-dividend date is Wednesday, November 13th. CMS Energy’s payout ratio is currently 62.80%.

About CMS Energy

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.