Scott B. Mcintosh Sells 703 Shares of CMS Energy Co. (NYSE:CMS) Stock

CMS Energy Co. (NYSE:CMSGet Rating) CAO Scott B. Mcintosh sold 703 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $71.21, for a total transaction of $50,060.63. Following the completion of the transaction, the chief accounting officer now owns 24,196 shares of the company’s stock, valued at approximately $1,722,997.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CMS stock traded down $0.12 on Wednesday, hitting $70.92. The company’s stock had a trading volume of 88,271 shares, compared to its average volume of 1,776,849. The firm has a 50 day moving average of $70.24 and a two-hundred day moving average of $65.91. CMS Energy Co. has a 1 year low of $57.92 and a 1 year high of $73.76. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 2.95 and a beta of 0.26. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 1.68.

CMS Energy (NYSE:CMSGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The utilities provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.13 by $0.07. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.08 billion. CMS Energy had a net margin of 17.65% and a return on equity of 11.83%. CMS Energy’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. As a group, equities analysts forecast that CMS Energy Co. will post 2.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Friday, May 6th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, May 5th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.59%. CMS Energy’s dividend payout ratio (DPR) is 39.48%.

CMS has been the subject of a number of recent research reports. Barclays downgraded shares of CMS Energy from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $70.00 to $76.00 in a research note on Tuesday, April 19th. Evercore ISI restated a “hold” rating and set a $67.00 price objective on shares of CMS Energy in a research report on Friday, February 4th. Morgan Stanley boosted their price objective on shares of CMS Energy from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 20th. Argus boosted their price objective on shares of CMS Energy from $70.00 to $78.00 in a research report on Friday, April 1st. Finally, BMO Capital Markets boosted their price objective on shares of CMS Energy from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $71.33.

Large investors have recently made changes to their positions in the stock. Crewe Advisors LLC purchased a new stake in CMS Energy in the 4th quarter valued at approximately $26,000. Assetmark Inc. lifted its holdings in shares of CMS Energy by 322.4% in the 3rd quarter. Assetmark Inc. now owns 566 shares of the utilities provider’s stock valued at $34,000 after buying an additional 432 shares during the period. Quent Capital LLC purchased a new stake in shares of CMS Energy in the fourth quarter valued at approximately $38,000. AGF Investments LLC acquired a new position in CMS Energy during the first quarter worth $39,000. Finally, Dark Forest Capital Management LP purchased a new position in CMS Energy in the third quarter worth $51,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

CMS Energy Company Profile (Get Rating)

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.

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