CMS Energy Corporation
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Why CMS Energy Is Targeting Above-Average Earnings Growth
$12 billion CMS Energy has one of the highest earnings growth rates in the industry. The company forecasts that it will grow 5%–7% in 2016 and 6%–8% thereafter.
NRG, CMS, D, and EIX: Analysts’ Target Prices and Views
NRG Energy (NRG) offers a potential upside of more than 11% compared to its current market price of $42.3.
Xcel Energy’s Diversified Operating Territories
Xcel Energy (XEL) has a market capitalization of $23 billion and appears to be one of the potentially attractive utility stocks in 2017.
Why Is DTE Energy Trading below Its Historical Average?
Currently, DTE Energy (DTE) is trading at a discount compared to its own three-year historical forward dividend yield. Its smooth rally in the last six months could be one of the reasons.
Understanding SCANA’s Price Targets and Analyst Recommendations
Among the ten analysts tracking SCANA, one analyst recommends the stock as a “strong buy,” while none recommends a “buy,” and six recommend a “hold.”
Understanding NiSource through Analyst Price Targets
NiSource (NI) has a one-year median price target of $24.04, as compared to a current market price of $22.70.
Why NRG Energy’s Implied Volatility Is Elevated
On January 18, 2017, NRG Energy (NRG) had the highest implied volatility among the utility companies that make up the Utilities Select Sector SPDR ETF (XLU).
Utility Stocks That Lead in Short Interest
In the last three months, NRC Energy’s stock has fallen 24.7%—the most among the utility stocks in the table above.
Where CMS Energy’s Dividend Growth Stands among Peers
Over the past five years, CMS Energy has raised its per-share dividend by 8.1%, compounded annually.
Inside CMS Energy’s Price Targets ahead of 4Q16 Results
CMS Energy (CMS) has a mean price target of $44.33 for the coming year. This implies an estimated upside of 5.6%.
Alliant Energy Corporation’s Organic Growth Boosted 3Q15 Revenue
Alliant Energy Corporation reported 3Q15 net revenue of $898.9 million, a rise of 6.6% when compared to net revenue of $843.1 million in 3Q14.
Is DTE Energy Poised for Long-Term Growth?
According to analyst estimates, DTE Energy (DTE) has a median price target of $101.60 for next year. This implies an upside of nearly 4% against its current Market price of $98.
Overview: Proposal could shift electricity generators’ asset-mix
Major power companies have noted that they’re in the process of shifting their portfolios away from coal towards natural gas.
Could DTE Energy’s Recent Climb Make It Too Expensive?
The sudden surge in DTE Energy’s forward multiple can be explained by its rally early this year. It was in line with the utility sector’s rally triggered by the FOMC’s January meeting.
A Look at CenterPoint Energy’s Price Targets and Outlook
According to analysts’ estimates, CenterPoint Energy (CNP) has a price target of $24.50, which implies a downside of more than 1% during the next year. It is currently trading at $24.76.
A Look at Institutional Ownership in NEE, NI, and CMS
Let’s take a look at how institutional investors have interacted with the utility stocks under review in this series recently.
How Is CMS Energy’s Return on Equity Compared to Its Peers’?
CMS Energy (CMS) has consistently obtained an average return on equity (or ROE) of near 13%, largely due to its higher rate base growth.
Southern’s earnings fell in 4Q14 – in line with street estimates
Southern’s adjusted earnings per share, or EPS, decreased by more than 20% YoY this quarter. Southern’s adjusted EPS in 4Q14 was $0.38 per share.
Exelon’s 3Q14 results beat Wall Street estimates again
Exelon’s revenue for the quarter was $6.9 billion, beating estimates by more than 21%. This is the second successive quarter that Exelon’s surprised Wall Street with higher-than-estimated earnings.
Hawaiian Electric bucks the trend in a weak market
Hawaiian Electric withstood the fall in the markets. It was up 0.6% for the week ending on January 30, 2015. Hawaiian Electric closed the week at $34.30 per share.
NEE, NI, CMS: What Analysts Think of the Top-Performing Utilities
Let’s take a look at analysts’ views and price targets on the utility stocks under review in this series.
Analyzing NextEra Energy’s Chart Indicators
Let’s take a look at where the stocks of the top-performing utilities of the last five years could go in the short term.
Analyzing the Valuations of the Top-Performing Utility Stocks
All the stocks under consideration in this series are currently trading at their respective multiyear highs.
A Look at the Market Performances of the Top-Performing Utilities
NextEra Energy (NEE), NiSource (NI), and CMS Energy (CMS) have beaten their peers as well as the broader markets in terms of total returns in the last five years.
The SPX Utilities with the Highest Dividend Growth: Price Targets
WEC Energy (WEC) has a mean price target of $63.8, compared with its current market price of $65.0, which implies a possible downside of 2% going forward.
Inside NiSource’s Current Dividend Yield
A $7-billion company, NiSource is currently trading at a dividend yield of 3%, while the Utilities Select Sector SPDR yields 3.5%.
Where’s CMS Energy Stock Headed Now?
CMS Energy surged ~30% in 2H16 and then trended primarily downward afterward. It is currently trading at a 2% premium to its 50-day moving average.
How CMS Energy Is Valued Compared to Peers
Midsize utilities including CMS Energy (CMS) rallied more steeply in 2016 than their large-cap peers, trading at a hefty premium throughout 2016.
Can CMS Energy Beat Analysts’ 4Q16 Earnings Estimates?
CMS is expected to earn $0.29 per share for the quarter ended December 31, 2016. CMS earned $0.38 per share in the fourth quarter of 2015.
CNP, WEC, and DTE: Analyzing Utilities’ Current Valuations
CenterPoint Energy (CNP) was trading at an EV-to-EBITDA multiple of 9x on December 27, 2016. Its five-year historical average also stands near 9x.
Utility Stocks with High Implied Volatilities
On December 21, NRG Energy (NRG) had the highest implied volatility among the utility companies that make up the Utilities Select Sector SPDR ETF (XLU).
CMS Energy Consistently Outperformed Peers in the Past 10 Years
CMS Energy (CMS), a $12-billion company, has consistently outperformed utility peers and S&P 500 for the last decade.
Expect Smart Dividend Growth from CMS in the Next Few Years
As one of the fastest growing utilities, CMS Energy (CMS) is expected to have impressive dividend growth for the next two years, beating its peers.
Comparing the Dividend Yields of CMS Energy and DTE Energy
CMS Energy (CMS) has paid dividends of $0.93 per share so far in 2016. Currently, it’s trading at a dividend yield of 2.8%.
Analyzing CMS Energy’s Free Cash Flow Growth
In the past five years, CMS Energy has experienced flat or diminishing growth in its cash flow from operations, while its capital expenditure has significantly increased.
Comparing NiSource’s Expected Dividends with Peers’
According to analysts’ estimates, NiSource’s dividends are expected to fall by over 9% in the next two years.
Top 5 Utility Stocks with the Highest Short Interest-to-Equity Float
As of August 3, NRG Energy has the highest short interest-to-equity float ratio of all the utility stocks (XLU) at 5.9%. One month ago, its ratio was 5.9%.
Xcel Energy’s Challenges, Guidance, and Gloomy Price Targets
Of the 17 analysts tracking Xcel Energy, 11 recommend it as a “hold” and four recommend it as a “buy.” Two analysts recommended it as a “sell” on July 26, 2016.
Is WEC Energy’s High Leverage after Buying Integrys a Risk Alert?
As of December 31, 2015, WEC Energy’s debt-to-EBITDA multiple was 5.7x. Its three-year historical debt-to-EBITDA multiple is near 4.4x.
Why Is Xcel Energy’s Rising Debt So Concerning?
At the end of the fourth quarter of 2015, Xcel Energy’s total debt stood at $13 billion. Its debt-to-equity ratio was 1.3x, and its debt-to-capitalization ratio was 0.6x.
DTE Energy’s 12-Month Returns Track Utilities Sector
Investors are hoping DTE Energy’s (DTE) rally will last a tad longer as it nears its all-time high. So far in 2016, it has rallied 14%, while utilities rose 12%.
Xcel Energy’s Earnings May Rise If Regulatory Lag Is Addressed
Xcel Energy is looking to improve earnings by reducing the regulatory lag. Regulatory lag for a utility (IDU) is the difference of time between capital spending and rate recovery.
A Look at Xcel Energy’s Geographical Presence and Operations
Xcel Energy (XEL) is aiming to improve its earnings by reducing its regulatory lag. Regulatory lag for a utility is the difference of time between capital spending and rate recovery.
Can DTE Energy’s Non-Utility Segment Play Key Role in Growth?
DTE Energy (DTE) is Michigan’s largest electric utility. But its non-utility segment could be the key factor driving DTE’s growth in 2016.
Will DTE Energy Follow Midwest Utilities in 4Q15?
Michigan’s largest utility, DTE Energy Company, is set to report its 4Q15 earnings on February 10, 2016. Utilities from the US Midwest that have reported their 4Q15 earnings so far have faltered due to milder weather during the quarter.
All of SPY’s Sectors Ended in the Red as Oil Struggles Persisted
All the sectors of the SPY turned red on the day. Stocks belonging to the consumer discretionary sector, the technology sector, and the energy sector saw major drops.
Calpine Improved Its Performance in 3Q15
After the 3Q15 earnings report, Calpine rose by 3.8% to close at $15.51 per share on October 30, 2015.
Only Two Gainers among Utilities during a Turbulent Week
After gaining 3.4% the previous week, Utilities Select Sector SPDR ETF (XLU) was down 2.4% during the week ending March 27. The week saw only two gainers.
Millennium Management buys PPL, BHI, AEP, CMS, and SRE and sells DRYS and NYCB—13F Flash A
In this seven-part series, we’ll go through some of the main positions Millennium Management traded this past quarter. Why buy PPL Corp. (PPL)?
