CMS Energy Co. (NYSE:CMS) CAO Sells $467,392.00 in 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 shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

CMS Energy Trading Down 1.4 %

NYSE:CMS opened at $68.88 on Friday. The business’s 50-day moving average is $66.90 and its two-hundred day moving average is $68.04. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy Co. has a 12 month low of $56.31 and a 12 month high of $72.40. The firm has a market capitalization of $20.58 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 2.48 and a beta of 0.42.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Research analysts predict 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 given a $0.5425 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 3.15%. CMS Energy’s dividend payout ratio (DPR) is 62.05%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CMS. CWM LLC increased its position in shares of CMS Energy by 31.3% during the third quarter. CWM LLC now owns 12,407 shares of the utilities provider’s stock worth $876,000 after acquiring an additional 2,959 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of CMS Energy by 10.6% during the third quarter. Exchange Traded Concepts LLC now owns 12,056 shares of the utilities provider’s stock worth $852,000 after acquiring an additional 1,159 shares during the last quarter. Creative Planning increased its position in shares of CMS Energy by 1.6% during the third quarter. Creative Planning now owns 33,261 shares of the utilities provider’s stock worth $2,349,000 after acquiring an additional 524 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of CMS Energy by 5.3% during the third quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock worth $301,000 after acquiring an additional 215 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC increased its position in shares of CMS Energy by 3.8% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 24,399 shares of the utilities provider’s stock worth $1,723,000 after acquiring an additional 883 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CMS shares. BMO Capital Markets decreased their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Scotiabank raised their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim restated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Jefferies Financial Group started coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $71.15.

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.