Wall Street brokerages expect CMS Energy Co. (NYSE:CMS) to announce earnings per share of $0.38 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CMS Energy’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.33. CMS Energy posted earnings per share of $0.33 in the same quarter last year, which indicates a positive year-over-year growth rate of 15.2%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, July 23rd.

According to Zacks, analysts expect that CMS Energy will report full-year earnings of $2.63 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.64. For the next financial year, analysts expect that the business will post earnings of $2.85 per share, with EPS estimates ranging from $2.82 to $2.88. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover CMS Energy.

CMS Energy (NYSE:CMS) last posted its earnings results on Monday, April 27th. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. CMS Energy had a return on equity of 14.68% and a net margin of 10.68%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. CMS Energy’s revenue was down 9.5% on a year-over-year basis.

CMS has been the subject of a number of research analyst reports. Royal Bank of Canada reissued a “hold” rating and set a $62.00 price target on shares of CMS Energy in a research note on Thursday, April 30th. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $69.00 to $65.00 in a research report on Friday, May 15th. Cfra upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, April 27th. Morgan Stanley lifted their price target on CMS Energy from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Wednesday, June 17th. Finally, Seaport Global Securities assumed coverage on CMS Energy in a research note on Wednesday, May 20th. They set a “buy” rating and a $61.50 target price on the stock. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $63.90.

In other news, SVP Dhenuvakonda Rao Venkat sold 875 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $55.76, for a total value of $48,790.00. Following the sale, the senior vice president now directly owns 34,092 shares in the company, valued at $1,900,969.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jean-Francois Brossoit sold 2,671 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $56.48, for a total value of $150,858.08. Following the completion of the sale, the senior vice president now owns 54,591 shares in the company, valued at $3,083,299.68. The disclosure for this sale can be found here. Insiders have sold 8,111 shares of company stock worth $449,511 over the last 90 days. 0.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Personal Capital Advisors Corp raised its stake in shares of CMS Energy by 7.3% in the fourth quarter. Personal Capital Advisors Corp now owns 227,676 shares of the utilities provider’s stock valued at $14,307,000 after acquiring an additional 15,578 shares in the last quarter. Greenleaf Trust raised its stake in CMS Energy by 3.6% in the fourth quarter. Greenleaf Trust now owns 8,702 shares of the utilities provider’s stock valued at $547,000 after buying an additional 302 shares in the last quarter. Macquarie Group Ltd. raised its stake in CMS Energy by 138.1% in the fourth quarter. Macquarie Group Ltd. now owns 569,441 shares of the utilities provider’s stock valued at $35,785,000 after buying an additional 330,307 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in CMS Energy by 14.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 415,199 shares of the utilities provider’s stock valued at $26,009,000 after buying an additional 52,908 shares in the last quarter. Finally, Comgest Global Investors S.A.S. raised its stake in CMS Energy by 19.2% in the fourth quarter. Comgest Global Investors S.A.S. now owns 188,431 shares of the utilities provider’s stock valued at $11,841,000 after buying an additional 30,389 shares in the last quarter. Institutional investors and hedge funds own 92.27% of the company’s stock.

NYSE CMS traded up $0.34 during trading on Tuesday, hitting $60.30. 1,634,492 shares of the stock traded hands, compared to its average volume of 2,053,387. The company has a market capitalization of $17.26 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 3.31 and a beta of 0.18. The firm has a 50-day simple moving average of $57.52 and a 200-day simple moving average of $61.09. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 2.42. CMS Energy has a 12-month low of $46.03 and a 12-month high of $69.17.

About CMS Energy

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

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Earnings History and Estimates for CMS Energy (NYSE:CMS)

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