CMS Energy (NYSE:CMS) Announces Earnings Results

by · The Cerbat Gem

CMS Energy (NYSE:CMS – Get Free Report) released its earnings results on Thursday. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06, Briefing.com reports. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis.

CMS Energy Stock Performance

NYSE:CMS traded down $1.31 on Friday, hitting $68.30. The company’s stock had a trading volume of 2,807,363 shares, compared to its average volume of 2,256,258. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $20.40 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 2.79 and a beta of 0.41. CMS Energy has a one year low of $54.13 and a one year high of $72.40. The stock has a fifty day moving average of $69.78 and a two-hundred day moving average of $64.54.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.515 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is 63.19%.

Analyst Ratings Changes

CMS has been the subject of several recent research reports. BMO Capital Markets dropped their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday. Guggenheim lifted their target price on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Scotiabank increased their price target on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Bank of America boosted their target price on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.85.

Read Our Latest Analysis on CMS Energy

About CMS Energy

(Get Free Report)

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

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