Previous close | 60.28 |
Open | 60.92 |
Bid | 60.48 x 800 |
Ask | 60.48 x 1000 |
Day's range | 59.03 - 60.92 |
52-week range | 49.87 - 63.76 |
Volume | |
Avg. volume | 2,605,672 |
Market cap | 18.06B |
Beta (5Y monthly) | 0.38 |
PE ratio (TTM) | 20.09 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 2.06 (3.42%) |
Ex-dividend date | 14 May 2024 |
1y target est | N/A |
CMS Energy reported a rise in first-quarter profit on Thursday, as the electric and gas utility benefitted from higher sales and improved weather which lowered storm-related restoration costs. Operating expenses for the first quarter, which include restoration costs, fell to $1.76 billion from $1.97 billion in the year-ago quarter. U.S. natural gas futures fell about 30% sequentially in the January-March quarter, which helped utilities such as CMS Energy reduce their costs.
CMS Energy's (CMS) Q1 operating revenues of $2.18 billion lag the Zacks Consensus Estimate by 7.3%. The top line is also down 4.7% on a year-over-year basis.
Robust Performance Amidst Favorable Weather Conditions and Strategic Initiatives