CMS Energy Co. (NYSE:CMS) SVP Brian F. Rich Sells 2,000 Shares

CMS Energy Co. (NYSE:CMS) SVP Brian F. Rich sold 2,000 shares of CMS Energy stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the sale, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CMS Energy Stock Up 0.7 %

CMS Energy stock traded up $0.43 during midday trading on Thursday, hitting $61.27. 1,491,631 shares of the stock were exchanged, compared to its average volume of 2,548,738. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $63.76. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 2.47 and a beta of 0.37. The business’s 50-day moving average price is $58.95 and its 200-day moving average price is $57.59. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82.

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

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Tuesday, May 14th. CMS Energy’s payout ratio is 62.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research note on Thursday, April 4th. Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $64.00 in a report on Friday, February 2nd. KeyCorp lifted their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada reduced their price objective on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and a consensus target price of $63.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMS. Commonwealth Equity Services LLC boosted its stake in CMS Energy by 3.0% in the third quarter. Commonwealth Equity Services LLC now owns 69,060 shares of the utilities provider’s stock valued at $3,668,000 after acquiring an additional 1,998 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in CMS Energy in the third quarter valued at about $36,000. Xponance Inc. boosted its stake in CMS Energy by 5.1% in the third quarter. Xponance Inc. now owns 39,297 shares of the utilities provider’s stock valued at $2,087,000 after acquiring an additional 1,917 shares during the last quarter. Raymond James & Associates boosted its stake in CMS Energy by 6.2% in the third quarter. Raymond James & Associates now owns 417,111 shares of the utilities provider’s stock valued at $22,153,000 after acquiring an additional 24,527 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in CMS Energy by 2.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,038 shares of the utilities provider’s stock valued at $2,020,000 after acquiring an additional 1,028 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

About CMS Energy

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.