What is KeyCorp’s Forecast for CMS Energy FY2025 Earnings?

CMS Energy Co. (NYSE:CMS) – KeyCorp increased their FY2025 earnings per share (EPS) estimates for CMS Energy in a research note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now expects that the utilities provider will earn $3.59 per share for the year, up from their prior estimate of $3.57. KeyCorp has a “Overweight” rating and a $76.00 price objective on the stock. The consensus estimate for CMS Energy’s current full-year earnings is $3.33 per share. KeyCorp also issued estimates for CMS Energy’s FY2026 earnings at $3.89 EPS, FY2027 earnings at $4.21 EPS and FY2028 earnings at $4.30 EPS.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis.

CMS has been the topic of several other research reports. Jefferies Financial Group assumed coverage on CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Barclays boosted their target price on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Morgan Stanley cut their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Bank of America boosted their target price on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company upped their price objective on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.21.

CMS Energy Stock Performance

NYSE:CMS opened at $67.38 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy has a 1 year low of $55.10 and a 1 year high of $72.40. The stock’s 50 day simple moving average is $69.57 and its two-hundred day simple moving average is $65.87. The company has a market cap of $20.13 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.72 and a beta of 0.41.

Institutional Investors Weigh In On CMS Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its stake in CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares during the last quarter. Brooklyn Investment Group purchased a new stake in CMS Energy in the third quarter valued at about $40,000. Covestor Ltd raised its stake in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after buying an additional 472 shares during the last quarter. TruNorth Capital Management LLC raised its stake in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after buying an additional 578 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in CMS Energy in the second quarter valued at about $43,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares in the company, valued at $1,672,564.50. This represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.06%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy’s dividend payout ratio is currently 58.86%.

About CMS Energy

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.