Scott B. Mcintosh Sells 6,700 Shares of CMS Energy Co. (NYSE:CMS) Stock

CMS Energy Co. (NYSE:CMS) CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CMS Energy Stock Performance

CMS opened at $68.88 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.94. The company has a market cap of $20.58 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.48 and a beta of 0.42. CMS Energy Co. has a 52-week low of $56.31 and a 52-week high of $72.40. The firm’s fifty day simple moving average is $66.94 and its two-hundred day simple moving average is $68.08.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Equities analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.15%. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.05%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMS. BMO Capital Markets cut their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Jefferies Financial Group began coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective on the stock. Scotiabank increased their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim reiterated a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.15.

Hedge Funds Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently modified their holdings of CMS. BankPlus Trust Department purchased a new position in shares of CMS Energy in the fourth quarter worth about $29,000. Richardson Financial Services Inc. lifted its stake in shares of CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after buying an additional 235 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of CMS Energy in the third quarter worth about $40,000. Finally, Larson Financial Group LLC lifted its stake in shares of CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after buying an additional 696 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

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.