Short Interest in CMS Energy Co. (NYSE:CMS) Expands By 7.9%

CMS Energy Co. (NYSE:CMS) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 9,780,000 shares, an increase of 7.9% from the May 31st total of 9,060,000 shares. Based on an average daily trading volume, of 2,440,000 shares, the days-to-cover ratio is presently 4.0 days.

Insiders Place Their Bets

In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the sale, the senior vice president now owns 68,330 shares of the company’s stock, valued at $4,098,433.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the sale, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,027 shares of company stock valued at $365,651 over the last 90 days. 0.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CMS Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Headinvest LLC purchased a new position in shares of CMS Energy during the third quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in CMS Energy in the fourth quarter worth about $29,000. Voisard Asset Management Group Inc. purchased a new stake in CMS Energy in the fourth quarter worth about $36,000. Headlands Technologies LLC purchased a new stake in CMS Energy in the first quarter worth about $43,000. Finally, Tobam grew its holdings in CMS Energy by 2,432.3% in the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 754 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Stock Performance

Shares of NYSE:CMS traded down $0.07 during mid-day trading on Tuesday, reaching $58.73. The company had a trading volume of 737,234 shares, compared to its average volume of 2,438,893. CMS Energy has a one year low of $49.87 and a one year high of $63.76. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 2.37 and a beta of 0.38. 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 company’s 50-day moving average price is $61.07 and its 200-day moving average price is $59.12.

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

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Tuesday, May 14th. CMS Energy’s dividend payout ratio is presently 62.80%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMS. Barclays upped their target price on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. increased their price target on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Scotiabank dropped their price target on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. Morgan Stanley dropped their price target on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Finally, BMO Capital Markets increased their price target on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and a consensus target price of $64.20.

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.