Research Analysts Issue Forecasts for CMS Energy Corporation’s FY2018 Earnings (CMS)
CMS Energy Corporation (NYSE:CMS) – Research analysts at KeyCorp issued their FY2018 earnings per share estimates for shares of CMS Energy Corporation in a report issued on Wednesday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will earn $2.34 per share for the year.
CMS has been the subject of a number of other research reports. BMO Capital Markets restated a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a report on Tuesday, May 2nd. Barclays PLC restated an “equal weight” rating and set a $49.00 price target (up previously from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. Zacks Investment Research upgraded shares of CMS Energy Corporation from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, February 21st. Evercore ISI upgraded shares of CMS Energy Corporation to an “outperform” rating in a report on Monday, March 6th. Finally, Deutsche Bank AG raised their price target on shares of CMS Energy Corporation from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $46.60.
CMS Energy Corporation (CMS) opened at 48.25 on Friday. The firm’s 50 day moving average price is $46.45 and its 200 day moving average price is $43.99. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 22.97 and a beta of 0.15. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $48.37.
CMS Energy Corporation (NYSE:CMS) last announced its earnings results on Monday, May 1st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.06. CMS Energy Corporation had a return on equity of 13.94% and a net margin of 9.12%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Friday, May 5th were given a dividend of $0.3325 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.76%. CMS Energy Corporation’s payout ratio is currently 63.03%.
In related news, Vice Chairman Thomas J. Webb sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $47.23, for a total transaction of $2,361,500.00. Following the completion of the transaction, the insider now owns 187,773 shares of the company’s stock, valued at approximately $8,868,518.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Glenn P. Barba sold 16,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $45.12, for a total transaction of $721,920.00. Following the transaction, the vice president now directly owns 33,913 shares of the company’s stock, valued at approximately $1,530,154.56. The disclosure for this sale can be found here. Insiders have sold a total of 88,246 shares of company stock valued at $4,114,711 in the last ninety days. 0.65% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in CMS Energy Corporation by 18.0% in the first quarter. Van ECK Associates Corp now owns 2,421 shares of the utilities provider’s stock worth $108,000 after buying an additional 370 shares during the last quarter. Quadrant Capital Group LLC boosted its position in CMS Energy Corporation by 5.7% in the first quarter. Quadrant Capital Group LLC now owns 2,701 shares of the utilities provider’s stock worth $118,000 after buying an additional 145 shares during the last quarter. Brookfield Asset Management Inc. bought a new position in CMS Energy Corporation during the first quarter worth $159,000. Bessemer Group Inc. boosted its position in CMS Energy Corporation by 3,803.6% in the fourth quarter. Bessemer Group Inc. now owns 4,372 shares of the utilities provider’s stock worth $182,000 after buying an additional 4,260 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in CMS Energy Corporation during the first quarter worth $200,000. 87.00% of the stock is owned by hedge funds and other institutional investors.
CMS Energy Corporation Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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