CMS Energy (NYSE:CMS) Trading 0.4% Higher

Shares of CMS Energy Co. (NYSE:CMS) traded up 0.4% on Wednesday . The stock traded as high as $67.89 and last traded at $67.75. 209,116 shares were traded during trading, a decline of 91% from the average session volume of 2,306,132 shares. The stock had previously closed at $67.45.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CMS shares. Evercore ISI raised CMS Energy to a “hold” rating in a research report on Friday, July 26th. Barclays boosted their price target on shares of CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 13th. BMO Capital Markets lifted their target price on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Scotiabank upped their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Bank of America boosted their price target on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.33.

CMS Energy Stock Performance

The stock has a market capitalization of $20.26 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 2.64 and a beta of 0.38. The company’s fifty day simple moving average is $63.30 and its 200 day simple moving average is $61.01. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. CMS Energy’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. On average, equities research analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $2.04 annualized dividend and a dividend yield of 3.01%. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total value of $99,986.66. Following the completion of the sale, the senior vice president now owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the completion of the transaction, the director now directly owns 14,556 shares in the company, valued at approximately $884,859.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction that occurred on 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 directly owns 68,330 shares in the company, valued at $4,098,433.40. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On CMS Energy

Large investors have recently modified their holdings of the business. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy in the 4th quarter valued at approximately $29,000. Voisard Asset Management Group Inc. acquired a new stake in shares of CMS Energy during the 4th quarter valued at $36,000. TruNorth Capital Management LLC grew its holdings in shares of CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 578 shares during the last quarter. Headlands Technologies LLC acquired a new stake in CMS Energy during the 1st quarter worth approximately $43,000. Finally, Innealta Capital LLC acquired a new position in CMS Energy in the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds 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.