CMS Energy Co. (NYSE:CMS) SVP Sells $161,794.78 in Stock

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 2,198 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the sale, the senior vice president now owns 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CMS Energy Stock Down 0.5 %

CMS Energy stock opened at $72.23 on Friday. The firm has a 50 day moving average price of $72.88 and a two-hundred day moving average price of $69.85. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy Co. has a 52-week low of $58.50 and a 52-week high of $76.45. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. CMS Energy’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 3.00%. CMS Energy’s dividend payout ratio is currently 64.39%.

Hedge Funds Weigh In On CMS Energy

Several institutional investors have recently added to or reduced their stakes in CMS. Sigma Planning Corp lifted its position in shares of CMS Energy by 0.4% during the 1st quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider’s stock valued at $2,407,000 after acquiring an additional 142 shares during the period. Sage Mountain Advisors LLC raised its holdings in shares of CMS Energy by 4.5% during the first quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 144 shares during the period. Sumitomo Life Insurance Co. boosted its position in shares of CMS Energy by 1.3% during the 1st quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider’s stock worth $844,000 after purchasing an additional 146 shares in the last quarter. Spire Wealth Management grew its stake in shares of CMS Energy by 6.4% in the 1st quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider’s stock valued at $191,000 after buying an additional 154 shares during the period. Finally, Pallas Capital Advisors LLC increased its position in CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after buying an additional 173 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Bank of America raised their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Jefferies Financial Group boosted their price objective on CMS Energy from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. UBS Group increased their target price on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Scotiabank restated an “outperform” rating and set a $81.00 price target (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Finally, Evercore ISI raised their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $77.25.

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.