CMS Energy Co. (NYSE:CMS) SVP Sells $134,440.00 in Stock

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.22, for a total value of $134,440.00. Following the sale, the senior vice president now directly owns 63,197 shares in the company, valued at approximately $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $65.85 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The firm’s 50-day moving average price is $68.93 and its 200-day moving average price is $66.24. CMS Energy Co. has a 52-week low of $55.10 and a 52-week high of $72.40. The company has a market cap of $19.67 billion, a PE ratio of 18.81, a PEG ratio of 2.66 and a beta of 0.41.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. As a group, analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio is 58.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 275 shares during the last quarter. Brooklyn Investment Group purchased a new stake in CMS Energy during the third quarter valued at approximately $40,000. Innealta Capital LLC purchased a new stake in CMS Energy during the second quarter valued at approximately $43,000. Covestor Ltd raised its position in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 472 shares during the period. Finally, Values First Advisors Inc. purchased a new position in shares of CMS Energy during the 3rd quarter worth $56,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. KeyCorp lifted their price objective on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Scotiabank boosted their target price on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group began coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target for the company. Finally, StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.36.

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.