Brandon J. Hofmeister Sells 2,000 Shares of CMS Energy Co. (NYSE:CMS) Stock

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

CMS Energy Price Performance

CMS stock opened at $71.58 on Friday. The stock has a 50-day moving average price of $68.34 and a two-hundred day moving average price of $68.68. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $75.06. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company has a market cap of $21.39 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results 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 net margin of 13.35% and a return on equity of 12.02%. As a group, research analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.03%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. CMS Energy’s dividend payout ratio is 65.36%.

Analysts Set New Price Targets

A number of research firms have commented on CMS. Guggenheim reissued a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Scotiabank upped their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley reduced their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.42.

Institutional Trading of CMS Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Siemens Fonds Invest GmbH boosted its position in CMS Energy by 25.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 4,048 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 819 shares during the period. Cim LLC raised its holdings in shares of CMS Energy by 2.0% during the 4th quarter. Cim LLC now owns 18,068 shares of the utilities provider’s stock valued at $1,204,000 after buying an additional 346 shares during the period. Brooklyn FI LLC purchased a new stake in shares of CMS Energy during the 4th quarter valued at about $308,000. LifeWealth Investments LLC purchased a new stake in shares of CMS Energy during the 4th quarter valued at about $322,000. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of CMS Energy during the 4th quarter valued at about $2,017,000. 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.