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 CMS Energy stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the sale, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at approximately $5,968,370.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CMS Energy Stock Performance

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

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

CMS Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMS. Wolfe Research upgraded CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a report on Tuesday, January 16th. JPMorgan Chase & Co. upped their price objective on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. UBS Group downgraded CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Thursday, April 4th. Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $60.00 to $64.00 in a research note on Friday, February 2nd. Finally, Seaport Res Ptn cut shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $63.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CMS. Headinvest LLC bought a new stake in shares of CMS Energy during the 3rd quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of CMS Energy during the fourth quarter worth $29,000. Compagnie Lombard Odier SCmA acquired a new position in shares of CMS Energy during the third quarter worth $36,000. Voisard Asset Management Group Inc. bought a new position in shares of CMS Energy in the 4th quarter valued at $36,000. Finally, Tobam boosted its holdings in shares of CMS Energy by 2,432.3% during the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 754 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Company Profile

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.