CMS Energy Co. (NYSE:CMS) CAO Scott B. Mcintosh Sells 936 Shares of Stock

CMS Energy Co. (NYSE:CMS) CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the sale, the chief accounting officer now directly owns 24,417 shares in the company, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CMS Energy Trading Up 0.2 %

Shares of CMS stock opened at $69.66 on Tuesday. The stock has a fifty day simple moving average of $69.70 and a two-hundred day simple moving average of $65.57. CMS Energy Co. has a 52-week low of $55.10 and a 52-week high of $72.40. The firm has a market capitalization of $20.81 billion, a PE ratio of 19.90, a PEG ratio of 2.77 and a beta of 0.41. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict 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. Investors of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.96%. CMS Energy’s dividend payout ratio is currently 58.86%.

Institutional Trading of CMS Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CMS. First Horizon Advisors Inc. lifted its position in shares of CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new stake in CMS Energy in the 3rd quarter worth approximately $40,000. TruNorth Capital Management LLC raised its holdings in shares of CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 578 shares in the last quarter. Innealta Capital LLC bought a new position in shares of CMS Energy during the 2nd quarter valued at approximately $43,000. Finally, Covestor Ltd grew its holdings in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. KeyCorp lifted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Scotiabank increased their price target on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets cut 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. Finally, Jefferies Financial Group assumed coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.21.

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.