Insider Selling: CMS Energy Co. (NYSE:CMS) SVP Sells 2,000 Shares of Stock

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the transaction, the senior vice president now owns 63,197 shares of the company’s stock, valued at approximately $4,248,102.34. The trade was a 3.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $67.05 on Wednesday. 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 Co. has a one year low of $55.10 and a one year high of $72.40. The company has a 50-day simple moving average of $69.01 and a 200-day simple moving average of $66.24. The stock has a market capitalization of $20.03 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.66 and a beta of 0.41.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, analysts predict that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.515 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy’s payout ratio is currently 58.86%.

Institutional Trading of CMS Energy

Several hedge funds have recently made changes to their positions in CMS. Mackenzie Financial Corp increased its stake in shares of CMS Energy by 0.6% during the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock worth $1,511,000 after acquiring an additional 157 shares during the period. Voisard Asset Management Group Inc. boosted its holdings in CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 163 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in CMS Energy by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 187 shares during the period. Horizon Kinetics Asset Management LLC raised its stake in shares of CMS Energy by 1.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock worth $1,107,000 after buying an additional 200 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of CMS Energy by 25.6% in the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock valued at $69,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMS. Bank of America upped their price objective on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. BMO Capital Markets dropped their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Morgan Stanley lowered their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Scotiabank lifted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $70.36.

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.