CMS Energy (NYSE:CMS) Issues FY25 Earnings Guidance

CMS Energy (NYSE:CMS) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $3.52 to $3.58 for the period, compared to the consensus EPS estimate of $3.59. CMS Energy also updated its FY 2024 guidance to 3.290-3.350 EPS.

Wall Street Analyst Weigh In

CMS has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on shares of CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Scotiabank boosted their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Guggenheim raised their target price on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Morgan Stanley boosted their price objective on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $69.85.

CMS Energy Trading Up 0.1 %

Shares of CMS stock traded up $0.09 during trading hours on Thursday, hitting $70.20. 224,755 shares of the company were exchanged, compared to its average volume of 2,244,301. The firm has a market cap of $20.96 billion, a P/E ratio of 21.38, a P/E/G ratio of 2.77 and a beta of 0.41. CMS Energy has a fifty-two week low of $53.64 and a fifty-two week high of $72.40. The company has a 50 day simple moving average of $69.73 and a two-hundred day simple moving average of $64.51. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio is 62.80%.

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.