CMS Energy (NYSE:CMS) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

CMS Energy (NYSE:CMS) released its earnings results on Thursday. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01, Zacks reports. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy updated its FY 2025 guidance to 3.540-3.600 EPS.

CMS Energy Trading Up 1.6 %

Shares of NYSE:CMS traded up $1.07 during trading on Thursday, reaching $68.19. 3,448,859 shares of the company were exchanged, compared to its average volume of 2,207,257. The firm has a market capitalization of $20.38 billion, a PE ratio of 19.48, a P/E/G ratio of 2.39 and a beta of 0.42. The business’s fifty day simple moving average is $66.84 and its 200-day simple moving average is $67.79. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 17th will be given a dividend of $0.5425 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.18%. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Analysts Set New Price Targets

CMS has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Barclays increased their price target on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Scotiabank increased their price target on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Wells Fargo & Company increased their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Guggenheim lowered CMS Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,686 shares of company stock valued at $2,228,084 over the last ninety days. 0.53% of the stock is owned by company insiders.

About CMS Energy

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.