CMS Energy Corporation (CMS) Issues FY17 Earnings Guidance

CMS Energy Corporation (NYSE:CMS) issued an update on its FY17 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $2.14-2.18 for the period, compared to the Thomson Reuters consensus estimate of $2.17.

Shares of CMS Energy Corporation (CMS) traded up 0.49% during trading on Tuesday, reaching $47.42. The company’s stock had a trading volume of 1,375,401 shares. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 23.95 and a beta of 0.16. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.37. The company’s 50-day moving average price is $46.58 and its 200 day moving average price is $45.23.

CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.08. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. CMS Energy Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Analysts anticipate that CMS Energy Corporation will post $2.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 4th will be given a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio is 66.83%.

Several equities analysts have issued reports on the stock. Credit Suisse Group upgraded shares of CMS Energy Corporation from a neutral rating to an outperform rating and upped their price target for the company from $46.00 to $50.00 in a research report on Monday, July 24th. BMO Capital Markets reaffirmed a buy rating and issued a $48.00 price objective on shares of CMS Energy Corporation in a research note on Tuesday, May 2nd. Deutsche Bank AG upped their price objective on shares of CMS Energy Corporation from $47.00 to $48.00 and gave the company a buy rating in a research note on Tuesday, April 11th. BidaskClub raised shares of CMS Energy Corporation from a buy rating to a strong-buy rating in a research note on Saturday, June 17th. Finally, Morgan Stanley assumed coverage on shares of CMS Energy Corporation in a research note on Monday, July 31st. They issued an equal weight rating and a $47.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CMS Energy Corporation has a consensus rating of Hold and an average price target of $47.50.

In other CMS Energy Corporation news, insider Dhenuvakonda Rao Venkat sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $45.50, for a total transaction of $91,000.00. Following the transaction, the insider now owns 30,022 shares in the company, valued at $1,366,001. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Thomas J. Webb sold 50,000 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $47.23, for a total transaction of $2,361,500.00. Following the transaction, the insider now owns 187,773 shares in the company, valued at approximately $8,868,518.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,336 shares of company stock worth $3,223,288. 0.65% of the stock is owned by insiders.

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About CMS Energy Corporation

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Earnings History and Estimates for CMS Energy Corporation (NYSE:CMS)

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