Analysts predict that CMS Energy Co. (NYSE:CMS – Get Rating) will post sales of $1.61 billion for the current quarter, according to Zacks. Three analysts have issued estimates for CMS Energy’s earnings. The highest sales estimate is $1.71 billion and the lowest is $1.56 billion. CMS Energy posted sales of $1.56 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The firm is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that CMS Energy will report full-year sales of $7.66 billion for the current fiscal year, with estimates ranging from $7.52 billion to $7.93 billion. For the next year, analysts anticipate that the company will post sales of $7.92 billion, with estimates ranging from $7.69 billion to $8.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow CMS Energy.
CMS Energy (NYSE:CMS – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.08. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.08 billion. CMS Energy had a return on equity of 11.83% and a net margin of 17.65%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the business posted $1.21 earnings per share.
In related news, SVP Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $69.20, for a total transaction of $69,200.00. Following the transaction, the senior vice president now directly owns 35,241 shares of the company’s stock, valued at $2,438,677.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Catherine A. Hendrian sold 6,521 shares of CMS Energy stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $66.09, for a total value of $430,972.89. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Greenleaf Trust lifted its holdings in shares of CMS Energy by 0.9% during the 1st quarter. Greenleaf Trust now owns 17,019 shares of the utilities provider’s stock valued at $1,190,000 after buying an additional 145 shares during the last quarter. Blair William & Co. IL lifted its holdings in CMS Energy by 2.6% in the 1st quarter. Blair William & Co. IL now owns 6,561 shares of the utilities provider’s stock worth $459,000 after purchasing an additional 168 shares during the last quarter. Kinneret Advisory LLC lifted its holdings in CMS Energy by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 7,756 shares of the utilities provider’s stock worth $542,000 after purchasing an additional 174 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in CMS Energy by 3.0% in the 3rd quarter. Mirador Capital Partners LP now owns 6,401 shares of the utilities provider’s stock worth $382,000 after purchasing an additional 185 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in CMS Energy by 6.7% in the 1st quarter. Signaturefd LLC now owns 3,074 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 193 shares during the last quarter. 91.05% of the stock is currently owned by hedge funds and other institutional investors.
CMS stock traded up $0.87 during mid-day trading on Friday, reaching $69.45. The company had a trading volume of 2,445,813 shares, compared to its average volume of 1,726,416. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $20.15 billion, a P/E ratio of 14.90, a P/E/G ratio of 2.83 and a beta of 0.26. CMS Energy has a one year low of $57.92 and a one year high of $73.76. The stock’s 50-day simple moving average is $69.32 and its two-hundred day simple moving average is $65.08.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 6th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, May 5th. CMS Energy’s payout ratio is currently 39.48%.
About CMS Energy (Get Rating)
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.
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