CMS Energy (NYSE:CMS) Releases Earnings Results, Beats Estimates By $0.06 EPS

CMS Energy (NYSE:CMS) issued its quarterly earnings results on Thursday. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06, Briefing.com reports. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share.

CMS Energy Trading Down 1.9 %

NYSE:CMS opened at $68.30 on Friday. CMS Energy has a 1-year low of $54.13 and a 1-year high of $72.40. The firm has a market capitalization of $20.40 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 2.79 and a beta of 0.41. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The stock has a fifty day simple moving average of $69.80 and a 200 day simple moving average of $64.67.

CMS Energy Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Scotiabank lifted their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Guggenheim lifted their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company lifted their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Barclays lifted their target price on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.85.

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.