Wall Street analysts predict that CMS Energy Corporation (NYSE:CMS) will report earnings of $0.68 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for CMS Energy Corporation’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.76. CMS Energy Corporation posted earnings per share of $0.70 in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that CMS Energy Corporation will report full year earnings of $2.17 per share for the current year, with EPS estimates ranging from $2.15 to $2.17. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.33 per share, with EPS estimates ranging from $2.31 to $2.35. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover CMS Energy Corporation.

CMS Energy Corporation (NYSE:CMS) last issued its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.08. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year.

CMS has been the topic of several research analyst reports. BidaskClub upgraded shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Credit Suisse Group upgraded shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $46.00 to $50.00 in a research report on Monday, July 24th. Morgan Stanley initiated coverage on shares of CMS Energy Corporation in a research report on Monday, July 31st. They set an “equal weight” rating and a $47.00 price objective on the stock. KeyCorp reiterated a “buy” rating and set a $51.00 price objective on shares of CMS Energy Corporation in a research report on Friday. Finally, BMO Capital Markets reiterated a “buy” rating and set a $48.00 price objective on shares of CMS Energy Corporation in a research report on Monday, July 31st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $48.11.

In other CMS Energy Corporation news, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total transaction of $296,588.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the sale, the insider now directly owns 64,307 shares of the company’s stock, valued at approximately $3,074,517.67. The disclosure for this sale can be found here. Insiders have sold a total of 11,836 shares of company stock valued at $561,118 in the last three months. Company insiders own 0.65% of the company’s stock.

Large investors have recently modified their holdings of the stock. Premier Fund Managers Ltd raised its stake in shares of CMS Energy Corporation by 14.1% in the first quarter. Premier Fund Managers Ltd now owns 36,500 shares of the utilities provider’s stock worth $1,631,000 after buying an additional 4,500 shares during the period. Lazard Asset Management LLC raised its stake in CMS Energy Corporation by 5.7% in the first quarter. Lazard Asset Management LLC now owns 366,493 shares of the utilities provider’s stock valued at $16,396,000 after buying an additional 19,783 shares during the last quarter. Airain ltd raised its stake in CMS Energy Corporation by 4.2% in the second quarter. Airain ltd now owns 126,524 shares of the utilities provider’s stock valued at $5,852,000 after buying an additional 5,088 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in CMS Energy Corporation by 11.3% in the first quarter. Thrivent Financial For Lutherans now owns 10,830 shares of the utilities provider’s stock valued at $485,000 after buying an additional 1,100 shares during the last quarter. Finally, Symphony Asset Management LLC raised its stake in CMS Energy Corporation by 3.6% in the first quarter. Symphony Asset Management LLC now owns 64,567 shares of the utilities provider’s stock valued at $2,889,000 after buying an additional 2,240 shares during the last quarter. 87.45% of the stock is owned by institutional investors.

Shares of CMS Energy Corporation (NYSE:CMS) traded down 0.43% on Tuesday, hitting $48.33. The company’s stock had a trading volume of 406,311 shares. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $48.75. The stock’s 50 day moving average is $47.27 and its 200-day moving average is $46.00. The company has a market cap of $13.61 billion, a price-to-earnings ratio of 24.41 and a beta of 0.16.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 4th were paid a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is currently 66.83%.

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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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Earnings History and Estimates for CMS Energy Corporation (NYSE:CMS)

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