CMS Energy Corporation (NYSE:CMS) – Investment analysts at SunTrust Banks boosted their Q4 2017 earnings estimates for shares of CMS Energy Corporation in a report issued on Friday. SunTrust Banks analyst A. Agha now forecasts that the utilities provider will earn $0.36 per share for the quarter, up from their prior estimate of $0.30. SunTrust Banks also issued estimates for CMS Energy Corporation’s Q2 2018 earnings at $0.35 EPS, Q1 2019 earnings at $0.81 EPS and Q2 2019 earnings at $0.38 EPS.
CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.08. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 13.00%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business earned $0.45 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year.
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Other equities research analysts also recently issued research reports about the company. BMO Capital Markets reiterated a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a report on Monday. Deutsche Bank AG upped their price objective on 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 downgraded CMS Energy Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Morgan Stanley began coverage on CMS Energy Corporation in a research note on Monday. They issued an “equal weight” rating and a $47.00 price objective for the company. Finally, Barclays PLC restated an “equal weight” rating and issued a $49.00 price objective (up previously from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $47.50.
Shares of CMS Energy Corporation (NYSE:CMS) traded up 0.42% during midday trading on Monday, reaching $46.50. The company’s stock had a trading volume of 724,223 shares. The firm has a 50-day moving average of $46.65 and a 200-day moving average of $45.19. CMS Energy Corporation has a one year low of $38.78 and a one year high of $48.37. The stock has a market cap of $13.09 billion, a PE ratio of 23.48 and a beta of 0.16.
Several hedge funds and other institutional investors have recently bought and sold shares of CMS. Van ECK Associates Corp increased its position in CMS Energy Corporation by 18.0% in the first quarter. Van ECK Associates Corp now owns 2,421 shares of the utilities provider’s stock valued at $108,000 after buying an additional 370 shares during the last quarter. Quadrant Capital Group LLC increased its position in CMS Energy Corporation by 5.7% in the first quarter. Quadrant Capital Group LLC now owns 2,701 shares of the utilities provider’s stock valued at $118,000 after buying an additional 145 shares during the last quarter. Brookfield Asset Management Inc. purchased a new position in CMS Energy Corporation during the first quarter valued at $159,000. Meeder Asset Management Inc. purchased a new position in CMS Energy Corporation during the second quarter valued at $185,000. Finally, Parametrica Management Ltd purchased a new position in CMS Energy Corporation during the first quarter valued at $200,000. Institutional investors own 87.12% of the company’s stock.
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 stock was sold at an average price of $45.50, for a total value of $91,000.00. Following the completion of the transaction, the insider now owns 30,022 shares in the company, valued at approximately $1,366,001. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Malone sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $47.42, for a total value of $474,200.00. Following the completion of the transaction, the insider now owns 148,622 shares of the company’s stock, valued at approximately $7,047,655.24. The disclosure for this sale can be found here. Insiders sold a total of 88,246 shares of company stock valued at $4,114,711 in the last 90 days. Corporate insiders own 0.65% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 4th will be paid a $0.3325 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.33 dividend on an annualized basis and a yield of 2.85%. CMS Energy Corporation’s dividend payout ratio (DPR) is presently 66.83%.
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.
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