CMS Energy Co. (NYSE:CMS) SVP Sells $99,986.66 in Stock

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

CMS Energy Trading Down 0.2 %

NYSE:CMS traded down $0.09 on Monday, hitting $59.56. 481,591 shares of the stock were exchanged, compared to its average volume of 2,429,336. The stock has a market cap of $17.75 billion, a PE ratio of 18.19, a PEG ratio of 2.37 and a beta of 0.40. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. The stock has a fifty day moving average of $60.82 and a 200-day moving average of $59.02.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS. As a group, equities analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a $0.515 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $2.06 annualized dividend and a dividend yield of 3.46%. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Analyst Ratings Changes

A number of analysts recently commented on CMS shares. Morgan Stanley increased their price objective on CMS Energy from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Scotiabank decreased their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada cut their price target on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. BMO Capital Markets raised their price objective on CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, UBS Group lowered CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.27.

Institutional Investors Weigh In On CMS Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CI Investments Inc. increased its position in shares of CMS Energy by 3.0% during the third quarter. CI Investments Inc. now owns 6,415 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 185 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in CMS Energy by 30.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 185 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of CMS Energy by 0.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock valued at $1,228,000 after purchasing an additional 192 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of CMS Energy by 19.8% during the 4th quarter. Parallel Advisors LLC now owns 1,458 shares of the utilities provider’s stock valued at $85,000 after buying an additional 241 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of CMS Energy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 97,475 shares of the utilities provider’s stock worth $5,660,000 after buying an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.