CMS Energy (CMS) Projected to Post Quarterly Earnings on Thursday

CMS Energy (NYSE:CMS) is expected to be posting its quarterly earnings results 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

CMS Energy Trading Up 0.8 %

NYSE CMS opened at $66.52 on Tuesday. The stock has a market cap of $19.87 billion, a PE ratio of 19.00, a PEG ratio of 2.39 and a beta of 0.42. CMS Energy has a 12 month low of $55.10 and a 12 month high of $72.40. The company’s 50-day moving average price is $67.06 and its 200-day moving average price is $67.73. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86.

Insider Activity

In related news, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,686 shares of company stock valued at $2,228,084 in the last three months. 0.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Scotiabank raised their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim downgraded CMS Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Mizuho downgraded 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 note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

CMS Energy Company Profile

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.