Insider Selling: John B. Yasinsky Unloads 5,000 Shares of CMS Energy Stock (CMS)
CMS Energy (NYSE:CMS) Director John B. Yasinsky sold 5,000 shares of CMS Energy stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $29.35, for a total transaction of $146,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CMS. Analysts at SunTrust reiterated a “neutral” rating on shares of CMS Energy in a research note on Monday, August 4th. They now have a $30.00 price target on the stock, down previously from $31.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of CMS Energy in a research note on Friday, July 25th. They now have a $33.00 price target on the stock, up previously from $32.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy in a research note on Friday, July 18th. They now have a $32.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. CMS Energy has an average rating of “Buy” and a consensus price target of $31.00.
CMS Energy (NYSE:CMS) traded up 0.48% during mid-day trading on Thursday, hitting $29.50. 835,550 shares of the company’s stock traded hands. CMS Energy has a 52-week low of $25.74 and a 52-week high of $31.23. The stock’s 50-day moving average is $29.91 and its 200-day moving average is $29.23. The company has a market cap of $8.112 billion and a price-to-earnings ratio of 15.61.
CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.29 earnings per share. CMS Energy’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that CMS Energy will post $1.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, July 30th.
CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.
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