CMS Energy Corporation (NYSE:CMS) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $2.29 to $2.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.33. CMS Energy Corporation also updated its FY17 guidance to $2.15-2.19 EPS.
A number of research firms recently weighed in on CMS. Zacks Investment Research raised CMS Energy Corporation from a sell rating to a hold rating in a research report on Friday, October 27th. Bank of America Corporation assumed coverage on CMS Energy Corporation in a research report on Tuesday, October 24th. They set a buy rating and a $52.00 price objective for the company. KeyCorp reissued a buy rating and issued a $51.00 target price on shares of CMS Energy Corporation in a report on Friday, October 20th. SunTrust Banks, Inc. reissued a hold rating and issued a $47.00 target price on shares of CMS Energy Corporation in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada reissued a hold rating and issued a $46.00 target price on shares of CMS Energy Corporation in a report on Monday, September 11th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. CMS Energy Corporation has a consensus rating of Buy and an average price target of $48.90.
CMS Energy Corporation (NYSE CMS) opened at $49.27 on Friday. The firm has a market capitalization of $13,897.58, a price-to-earnings ratio of 25.27, a P/E/G ratio of 3.51 and a beta of 0.18. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 1.99. CMS Energy Corporation has a 52-week low of $38.78 and a 52-week high of $49.41.
CMS Energy Corporation (NYSE:CMS) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.60 billion. CMS Energy Corporation had a return on equity of 12.30% and a net margin of 8.38%. CMS Energy Corporation’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. equities analysts anticipate that CMS Energy Corporation will post 2.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 3rd will be given a dividend of $0.3325 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.33 annualized dividend and a yield of 2.70%. CMS Energy Corporation’s dividend payout ratio (DPR) is presently 68.91%.
In other CMS Energy Corporation news, insider Garrick J. Rochow sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $47.81, for a total transaction of $95,620.00. Following the sale, the insider now directly owns 64,307 shares of the company’s stock, valued at $3,074,517.67. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Brian F. Rich sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total value of $168,910.00. Following the sale, the senior vice president now directly owns 44,835 shares in the company, valued at $2,163,737.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,500 shares of company stock worth $312,550. Insiders own 0.65% of the company’s stock.
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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.
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