CMS Energy Corp. (NYSE:CMS) – Investment analysts at KeyCorp issued their Q3 2016 earnings per share (EPS) estimates for CMS Energy Corp. in a research note issued to investors on Monday. KeyCorp analyst P. Ridzon forecasts that the firm will post earnings of $0.60 per share for the quarter. KeyCorp currently has a “Outperform” rating and a $47.00 price objective on the stock. KeyCorp also issued estimates for CMS Energy Corp.’s FY2016 earnings at $2.02 EPS.

CMS Energy Corp. (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.09. The firm earned $1.37 billion during the quarter, compared to analyst estimates of $1.49 billion. CMS Energy Corp. had a return on equity of 13.34% and a net margin of 8.79%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share.

Earnings History and Estimates for CMS Energy Corp. (NYSE:CMS)

CMS has been the topic of several other reports. Zacks Investment Research raised shares of CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Thursday, July 14th. Howard Weil started coverage on shares of CMS Energy Corp. in a report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 price target on the stock. Scotiabank started coverage on shares of CMS Energy Corp. in a report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 price target on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of CMS Energy Corp. in a report on Friday, July 29th. Finally, SunTrust Banks Inc. reaffirmed a “neutral” rating on shares of CMS Energy Corp. in a report on Tuesday, August 2nd. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. CMS Energy Corp. presently has a consensus rating of “Buy” and an average price target of $43.75.

Shares of CMS Energy Corp. (NYSE:CMS) traded down 0.10% on Wednesday, hitting $41.38. The stock had a trading volume of 1,082,327 shares. The firm’s 50-day moving average price is $41.90 and its 200 day moving average price is $42.65. CMS Energy Corp. has a 12 month low of $33.84 and a 12 month high of $46.25. The firm has a market cap of $11.55 billion, a P/E ratio of 21.21 and a beta of 0.12.

In related news, Director Jon E. Barfield sold 9,568 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $42.97, for a total transaction of $411,136.96. Following the completion of the transaction, the director now owns 23,256 shares in the company, valued at approximately $999,310.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian F. Rich sold 2,135 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $43.17, for a total transaction of $92,167.95. Following the transaction, the senior vice president now owns 49,330 shares of the company’s stock, valued at approximately $2,129,576.10. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMS. PGGM Investments increased its position in CMS Energy Corp. by 298.8% in the second quarter. PGGM Investments now owns 941,700 shares of the company’s stock valued at $43,186,000 after buying an additional 705,588 shares during the period. Standard Life Investments LTD increased its position in CMS Energy Corp. by 22.3% in the second quarter. Standard Life Investments LTD now owns 7,943,113 shares of the company’s stock valued at $364,192,000 after buying an additional 1,449,503 shares during the period. First Republic Investment Management Inc. increased its position in CMS Energy Corp. by 72.4% in the first quarter. First Republic Investment Management Inc. now owns 17,423 shares of the company’s stock valued at $739,000 after buying an additional 7,315 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in CMS Energy Corp. during the first quarter worth approximately $3,727,000. Finally, Monarch Partners Asset Management LLC increased its stake in CMS Energy Corp. by 94.0% in the second quarter. Monarch Partners Asset Management LLC now owns 316,819 shares of the company’s stock worth $14,529,000 after buying an additional 153,510 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

About CMS Energy Corp.

CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.

5 Day Chart for NYSE:CMS

Receive News & Stock Ratings for CMS Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy Corp. and related stocks with our FREE daily email newsletter.