CMS Energy Co. (NYSE:CMS) SVP Sells $134,440.00 in Stock

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $67.22, for a total value of $134,440.00. Following the sale, the senior vice president now owns 63,197 shares in the company, valued at approximately $4,248,102.34. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CMS Energy Stock Down 1.8 %

Shares of CMS opened at $65.85 on Thursday. The firm has a market cap of $19.67 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.66 and a beta of 0.41. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The stock has a 50 day simple moving average of $68.93 and a two-hundred day simple moving average of $66.24. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

CMS Energy (NYSE:CMS) last posted its quarterly 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 net margin of 14.01% and a return on equity of 12.81%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.515 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 3.13%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s payout ratio is presently 58.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quest Partners LLC raised its holdings in CMS Energy by 130,804.3% during the 2nd quarter. Quest Partners LLC now owns 30,108 shares of the utilities provider’s stock valued at $1,792,000 after buying an additional 30,085 shares during the last quarter. Cetera Investment Advisers increased its position in shares of CMS Energy by 6.2% in the second quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock valued at $1,658,000 after acquiring an additional 1,631 shares during the period. Mizuho Securities USA LLC increased its position in shares of CMS Energy by 992.4% in the third quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider’s stock valued at $18,075,000 after acquiring an additional 228,501 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after acquiring an additional 719,093 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of CMS Energy by 14.1% during the second quarter. Envestnet Asset Management Inc. now owns 884,878 shares of the utilities provider’s stock worth $52,677,000 after purchasing an additional 109,424 shares during the period. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Jefferies Financial Group started coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective for the company. Wells Fargo & Company boosted their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. Scotiabank boosted their target price on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, KeyCorp raised their price target on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.