CMS Energy Co. (NYSE:CMS) CAO Scott B. Mcintosh Sells 6,700 Shares

CMS Energy Co. (NYSE:CMS) CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CMS Energy Stock Down 1.4 %

Shares of CMS opened at $68.88 on Monday. CMS Energy Co. has a 52 week low of $56.31 and a 52 week high of $72.40. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.48 and a beta of 0.42. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.83 and a current ratio of 1.23. The stock has a fifty day moving average of $66.94 and a 200-day moving average of $68.10.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, sell-side analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 17th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.15%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 14th. CMS Energy’s dividend payout ratio is presently 62.05%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Scotiabank boosted their price target on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim reiterated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. BMO Capital Markets cut their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Morgan Stanley cut their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, Jefferies Financial Group started coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.15.

Institutional Trading of CMS Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CMS. CWM LLC increased its holdings in CMS Energy by 31.3% in the third quarter. CWM LLC now owns 12,407 shares of the utilities provider’s stock valued at $876,000 after purchasing an additional 2,959 shares during the period. Exchange Traded Concepts LLC increased its holdings in CMS Energy by 10.6% in the third quarter. Exchange Traded Concepts LLC now owns 12,056 shares of the utilities provider’s stock valued at $852,000 after purchasing an additional 1,159 shares during the period. Creative Planning increased its holdings in CMS Energy by 1.6% in the third quarter. Creative Planning now owns 33,261 shares of the utilities provider’s stock valued at $2,349,000 after purchasing an additional 524 shares during the period. Vontobel Holding Ltd. increased its holdings in CMS Energy by 5.3% in the third quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 215 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC increased its holdings in CMS Energy by 3.8% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 24,399 shares of the utilities provider’s stock valued at $1,723,000 after purchasing an additional 883 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.