CMS Energy (CMS) Projected to Post Earnings on Thursday

CMS Energy (NYSE:CMS) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.86 per share and revenue of $2.13 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $66.52 on Tuesday. 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 one year low of $55.10 and a one year high of $72.40. The business’s 50-day moving average price is $67.06 and its two-hundred day moving average price is $67.73. The company has a market capitalization of $19.87 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 2.39 and a beta of 0.42.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CMS shares. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Guggenheim lowered shares of CMS Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Barclays lifted their target price on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. Finally, StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.00.

Insider Buying and Selling at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now directly owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,686 shares of company stock worth $2,228,084 over the last ninety days. 0.53% of the stock is currently owned by company insiders.

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.