CMS Energy (NYSE:CMS) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51, Bloomberg Earnings reports. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business posted $0.29 earnings per share. CMS Energy’s revenue for the quarter was up 8.4% compared to the same quarter last year.

Shares of CMS Energy (NYSE CMS) opened at $43.05 on Wednesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. CMS Energy has a 52 week low of $40.48 and a 52 week high of $50.85. The stock has a market cap of $12,092.71, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.87 and a beta of 0.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.3575 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.33. This represents a $1.43 annualized dividend and a yield of 3.32%. The ex-dividend date is Thursday, February 15th. CMS Energy’s payout ratio is currently 68.91%.

In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. MANA Advisors LLC purchased a new position in shares of CMS Energy in the fourth quarter valued at $768,000. Renaissance Technologies LLC boosted its stake in shares of CMS Energy by 69.8% in the fourth quarter. Renaissance Technologies LLC now owns 3,234,500 shares of the utilities provider’s stock valued at $152,992,000 after purchasing an additional 1,329,800 shares during the period. Scotia Capital Inc. boosted its stake in shares of CMS Energy by 13.1% in the fourth quarter. Scotia Capital Inc. now owns 29,137 shares of the utilities provider’s stock valued at $1,378,000 after purchasing an additional 3,369 shares during the period. Pitcairn Co. boosted its stake in shares of CMS Energy by 143.6% in the fourth quarter. Pitcairn Co. now owns 15,570 shares of the utilities provider’s stock valued at $737,000 after purchasing an additional 9,179 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of CMS Energy in the fourth quarter valued at $403,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

CMS has been the subject of several research analyst reports. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. KeyCorp reaffirmed a “buy” rating and set a $51.50 price target on shares of CMS Energy in a research report on Friday, December 15th. Morgan Stanley reiterated an “equal weight” rating and set a $52.00 price objective on shares of CMS Energy in a research note on Wednesday, December 13th. Bank of America initiated coverage on shares of CMS Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $52.00 price objective for the company. Finally, Wells Fargo & Co upgraded shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, December 18th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $48.41.

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CMS Energy Company Profile

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.

Earnings History for CMS Energy (NYSE:CMS)

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