CMS Energy Co. (NYSE:CMS) – Investment analysts at KeyCorp cut their Q3 2021 EPS estimates for CMS Energy in a report issued on Monday, July 19th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $0.67 for the quarter, down from their prior estimate of $0.69. KeyCorp also issued estimates for CMS Energy’s Q4 2021 earnings at $0.61 EPS.
Several other analysts also recently issued reports on CMS. Credit Suisse Group upped their price target on shares of CMS Energy from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, June 9th. Morgan Stanley raised their price target on shares of CMS Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Tuesday. Zacks Investment Research downgraded shares of CMS Energy from a “hold” rating to a “sell” rating and set a $64.00 price objective on the stock. in a research note on Tuesday, July 13th. TheStreet upgraded shares of CMS Energy from a “c+” rating to a “b” rating in a research report on Thursday, April 8th. Finally, Wells Fargo & Company lowered their target price on shares of CMS Energy from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 9th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $67.14.
CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 29th. The utilities provider reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.04. CMS Energy had a net margin of 12.48% and a return on equity of 14.74%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis.
Hedge funds and other institutional investors have recently modified their holdings of the stock. TIAA FSB acquired a new stake in shares of CMS Energy during the second quarter valued at about $1,164,000. IFM Investors Pty Ltd raised its stake in shares of CMS Energy by 33.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 37,356 shares of the utilities provider’s stock valued at $2,207,000 after purchasing an additional 9,425 shares during the period. New Mexico Educational Retirement Board raised its stake in shares of CMS Energy by 7.2% during the 2nd quarter. New Mexico Educational Retirement Board now owns 19,310 shares of the utilities provider’s stock valued at $1,141,000 after purchasing an additional 1,300 shares during the period. Gradient Investments LLC increased its stake in CMS Energy by 9.0% in the 2nd quarter. Gradient Investments LLC now owns 191,209 shares of the utilities provider’s stock worth $11,297,000 after acquiring an additional 15,759 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in CMS Energy by 270.6% in the 1st quarter. Schroder Investment Management Group now owns 15,255 shares of the utilities provider’s stock worth $934,000 after acquiring an additional 11,139 shares during the last quarter. Institutional investors own 89.44% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Friday, May 7th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 2.85%. The ex-dividend date was Thursday, May 6th. CMS Energy’s payout ratio is 65.17%.
About CMS Energy
CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity.
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