CMS Energy Director John B. Yasinsky Unloads 5,000 Shares (CMS)
CMS Energy (NYSE:CMS) Director John B. Yasinsky unloaded 5,000 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CMS Energy (NYSE:CMS) opened at 29.61 on Monday. CMS Energy has a one year low of $25.74 and a one year high of $31.23. The stock’s 50-day moving average is $29. and its 200-day moving average is $29.25. The company has a market cap of $8.142 billion and a price-to-earnings ratio of 15.70.
CMS Energy (NYSE:CMS) last released its earnings data on Thursday, July 24th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that CMS Energy will post $1.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 1st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Wednesday, July 30th.
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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $31.00.
CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.
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