Insider Selling: CMS Energy Co. (CMS) Insider Sells 2,000 Shares of Stock
CMS Energy Co. (NYSE:CMS) insider Dhenuvakonda Rao Venkat sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $45.50, for a total transaction of $91,000.00. Following the sale, the insider now directly owns 30,022 shares in the company, valued at $1,366,001. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CMS Energy Co. (NYSE:CMS) traded up 0.42% on Thursday, hitting $45.75. 2,111,033 shares of the company traded hands. CMS Energy Co. has a 1-year low of $38.78 and a 1-year high of $46.25. The firm has a market capitalization of $12.81 billion, a PE ratio of 21.78 and a beta of 0.08. The firm’s 50 day moving average price is $45.23 and its 200 day moving average price is $43.00.
CMS Energy (NYSE:CMS) last issued its earnings results on Monday, May 1st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.91 billion. CMS Energy had a return on equity of 13.31% and a net margin of 8.61%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. Equities research analysts predict that CMS Energy Co. will post $2.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 5th will be paid a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, May 3rd. CMS Energy’s dividend payout ratio (DPR) is presently 66.83%.
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Several brokerages have recently weighed in on CMS. BMO Capital Markets reiterated a “buy” rating and set a $48.00 price target on shares of CMS Energy in a research report on Tuesday, May 2nd. Evercore ISI upgraded CMS Energy to an “outperform” rating in a research report on Monday, March 6th. Barclays PLC reiterated an “equal weight” rating and set a $49.00 price target (up from $44.00) on shares of CMS Energy in a research report on Sunday, April 23rd. Zacks Investment Research cut CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Finally, Deutsche Bank AG upped their price target on CMS Energy from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, April 11th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $46.60.
A number of hedge funds have recently modified their holdings of the stock. Blue Chip Partners Inc. increased its stake in shares of CMS Energy by 0.7% in the first quarter. Blue Chip Partners Inc. now owns 4,610 shares of the utilities provider’s stock valued at $206,000 after buying an additional 34 shares during the period. Clarius Group LLC increased its stake in shares of CMS Energy by 0.7% in the first quarter. Clarius Group LLC now owns 5,286 shares of the utilities provider’s stock valued at $237,000 after buying an additional 36 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of CMS Energy by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,000 shares of the utilities provider’s stock valued at $666,000 after buying an additional 64 shares during the period. Cleararc Capital Inc. increased its stake in shares of CMS Energy by 1.2% in the first quarter. Cleararc Capital Inc. now owns 6,847 shares of the utilities provider’s stock valued at $306,000 after buying an additional 81 shares during the period. Finally, Greenleaf Trust increased its stake in shares of CMS Energy by 0.5% in the first quarter. Greenleaf Trust now owns 17,871 shares of the utilities provider’s stock valued at $800,000 after buying an additional 83 shares during the period. 88.34% of the stock is currently owned by institutional investors.
CMS Energy Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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