Equities analysts expect that CMS Energy (NYSE:CMS) will post earnings of $0.78 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for CMS Energy’s earnings, with estimates ranging from $0.76 to $0.81. CMS Energy reported earnings of $0.71 per share in the same quarter last year, which would suggest a positive year over year growth rate of 9.9%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, April 26th.
On average, analysts expect that CMS Energy will report full year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.33 to $2.34. For the next fiscal year, analysts forecast that the company will report earnings of $2.50 per share, with EPS estimates ranging from $2.50 to $2.52. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow CMS Energy.
CMS Energy (NYSE:CMS) last released its quarterly earnings data on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.51. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a net margin of 6.99% and a return on equity of 13.60%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share.
In other news, SVP Catherine M. Reynolds sold 8,310 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.40, for a total transaction of $360,654.00. Following the transaction, the senior vice president now owns 126,810 shares in the company, valued at $5,503,554. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in CMS Energy by 8.6% in the 4th quarter. BlackRock Inc. now owns 27,534,036 shares of the utilities provider’s stock worth $1,302,359,000 after buying an additional 2,182,812 shares during the period. Franklin Resources Inc. increased its holdings in CMS Energy by 4.7% in the 4th quarter. Franklin Resources Inc. now owns 5,190,064 shares of the utilities provider’s stock worth $245,490,000 after buying an additional 232,421 shares during the period. Renaissance Technologies LLC increased its holdings in CMS Energy by 69.8% in the 4th quarter. Renaissance Technologies LLC now owns 3,234,500 shares of the utilities provider’s stock worth $152,992,000 after buying an additional 1,329,800 shares during the period. Geode Capital Management LLC increased its holdings in CMS Energy by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 3,010,781 shares of the utilities provider’s stock worth $142,121,000 after buying an additional 116,409 shares during the period. Finally, Jennison Associates LLC increased its holdings in CMS Energy by 5.8% in the 4th quarter. Jennison Associates LLC now owns 2,403,462 shares of the utilities provider’s stock worth $113,684,000 after buying an additional 132,516 shares during the period. Hedge funds and other institutional investors own 88.27% of the company’s stock.
CMS stock opened at $44.21 on Friday. The stock has a market cap of $12,485.81, a price-to-earnings ratio of 20.37, a PEG ratio of 3.00 and a beta of 0.07. CMS Energy has a one year low of $40.48 and a one year high of $50.85. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 2.06.
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CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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