Brian F. Rich Sells 2,000 Shares of CMS Energy Co. (NYSE:CMS) Stock

CMS Energy Co. (NYSE:CMS) SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the sale, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

CMS Energy Stock Up 0.5 %

Shares of CMS Energy stock opened at $61.56 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $63.76. The stock has a 50-day moving average price of $59.03 and a 200 day moving average price of $57.62. The company has a market cap of $18.38 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.48 and a beta of 0.37.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. As a group, analysts expect that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s dividend payout ratio is currently 62.80%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMS. Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $64.00 in a research report on Friday, February 2nd. Wolfe Research upgraded shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 target price for the company in a report on Tuesday, January 16th. KeyCorp upped their price target on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Scotiabank reduced their target price on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. Finally, Royal Bank of Canada dropped their price target on CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.50.

Hedge Funds Weigh In On CMS Energy

A number of hedge funds have recently modified their holdings of CMS. Commonwealth Equity Services LLC increased its position in CMS Energy by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 69,060 shares of the utilities provider’s stock worth $3,668,000 after purchasing an additional 1,998 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in CMS Energy in the third quarter worth approximately $36,000. Xponance Inc. increased its holdings in CMS Energy by 5.1% in the third quarter. Xponance Inc. now owns 39,297 shares of the utilities provider’s stock worth $2,087,000 after buying an additional 1,917 shares during the last quarter. Raymond James & Associates raised its position in CMS Energy by 6.2% during the third quarter. Raymond James & Associates now owns 417,111 shares of the utilities provider’s stock valued at $22,153,000 after acquiring an additional 24,527 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in CMS Energy by 2.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,038 shares of the utilities provider’s stock valued at $2,020,000 after acquiring an additional 1,028 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

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.