CMS Energy Co. (NYSE:CMS) SVP Sells $136,340.00 in Stock

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

CMS Energy Stock Up 0.1 %

Shares of NYSE CMS traded up $0.07 during trading on Tuesday, reaching $68.57. 2,688,279 shares of the stock were exchanged, compared to its average volume of 2,280,204. The company has a market capitalization of $20.49 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 2.72 and a beta of 0.41. The business’s 50-day moving average price is $69.77 and its 200 day moving average price is $65.33. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.515 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s payout ratio is presently 58.86%.

Institutional Trading of CMS Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. M&T Bank Corp lifted its stake in shares of CMS Energy by 0.7% in the 3rd quarter. M&T Bank Corp now owns 483,215 shares of the utilities provider’s stock worth $34,130,000 after acquiring an additional 3,497 shares during the period. Toronto Dominion Bank increased its holdings in shares of CMS Energy by 18.2% during the 3rd quarter. Toronto Dominion Bank now owns 179,223 shares of the utilities provider’s stock valued at $12,659,000 after acquiring an additional 27,562 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in CMS Energy by 16.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,459 shares of the utilities provider’s stock worth $313,000 after acquiring an additional 625 shares during the period. Geode Capital Management LLC raised its position in shares of CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after buying an additional 105,062 shares during the last quarter. Finally, Executive Wealth Management LLC bought a new position in CMS Energy in the third quarter worth $450,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMS has been the subject of several research analyst reports. Barclays increased their target price on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company lifted their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Evercore ISI upgraded CMS Energy to a “hold” rating in a research note on Friday, July 26th. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets decreased their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.29.

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.