CMS Energy Co. (NYSE:CMS) – Research analysts at KeyCorp lowered their Q3 2021 EPS estimates for shares of CMS Energy in a report released on Monday, July 19th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings of $0.67 per share for the quarter, down from their previous forecast of $0.69. KeyCorp also issued estimates for CMS Energy’s Q4 2021 earnings at $0.61 EPS.
CMS has been the topic of several other reports. Vertical Research cut CMS Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 9th. Wells Fargo & Company reduced their price objective on CMS Energy from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, June 9th. They noted that the move was a valuation call. Seaport Global Securities reiterated a “neutral” rating on shares of CMS Energy in a research note on Tuesday, April 13th. Morgan Stanley increased their price objective on CMS Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, TheStreet raised CMS Energy from a “c+” rating to a “b” rating in a report on Thursday, April 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. CMS Energy currently has a consensus rating of “Hold” and a consensus target price of $67.14.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 29th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.04. CMS Energy had a return on equity of 14.74% and a net margin of 12.48%. The business 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 posted $0.85 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Friday, May 7th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Thursday, May 6th. CMS Energy’s dividend payout ratio is presently 65.17%.
Institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its position in CMS Energy by 1,240.7% during the first quarter. Millennium Management LLC now owns 2,645,095 shares of the utilities provider’s stock valued at $161,933,000 after purchasing an additional 2,447,810 shares during the period. Franklin Resources Inc. boosted its position in CMS Energy by 39.2% during the 1st quarter. Franklin Resources Inc. now owns 7,096,812 shares of the utilities provider’s stock valued at $434,467,000 after acquiring an additional 1,999,553 shares in the last quarter. Nuveen Asset Management LLC boosted its position in CMS Energy by 134.5% during the 4th quarter. Nuveen Asset Management LLC now owns 2,443,735 shares of the utilities provider’s stock valued at $149,092,000 after acquiring an additional 1,401,845 shares in the last quarter. Norges Bank purchased a new stake in shares of CMS Energy during the 4th quarter valued at $78,403,000. Finally, FIL Ltd lifted its holdings in shares of CMS Energy by 51.7% during the 1st quarter. FIL Ltd now owns 2,795,570 shares of the utilities provider’s stock valued at $171,145,000 after purchasing an additional 952,241 shares during the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.
CMS Energy Company Profile
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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