CMS Energy Co. (NYSE:CMS - Get Free Report) SVP Brian F. Rich sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the sale, the senior vice president now 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 Securities & Exchange Commission, which is available at this hyperlink.
CMS Energy Trading Up 0.7 %
Shares of CMS stock opened at $61.27 on Friday. The business's fifty day moving average price is $59.03 and its 200 day moving average price is $57.62. 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 $18.30 billion, a PE ratio of 18.68, a P/E/G ratio of 2.48 and a beta of 0.37. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05.
CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. CMS Energy's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.
CMS Energy Dividend Announcement
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The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.515 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a yield of 3.36%. CMS Energy's payout ratio is 62.80%.
Institutional Trading of CMS Energy
A number of institutional investors have recently bought and sold shares of the company. Capital International Investors lifted its position in shares of CMS Energy by 24.8% in the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider's stock valued at $360,537,000 after acquiring an additional 1,234,791 shares in the last quarter. Capital Research Global Investors lifted its position in shares of CMS Energy by 1.2% in the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider's stock valued at $324,817,000 after acquiring an additional 65,966 shares in the last quarter. Invesco Ltd. lifted its position in shares of CMS Energy by 7.3% in the third quarter. Invesco Ltd. now owns 4,663,108 shares of the utilities provider's stock valued at $247,658,000 after acquiring an additional 317,682 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of CMS Energy by 320.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider's stock valued at $250,026,000 after acquiring an additional 3,282,697 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of CMS Energy by 34.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider's stock valued at $200,731,000 after acquiring an additional 883,180 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have weighed in on CMS. UBS Group cut CMS Energy from a "buy" rating to a "neutral" rating and set a $65.00 price objective for the company. in a research note on Thursday, April 4th. 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 research note on Tuesday, January 16th. BMO Capital Markets boosted their target price on CMS Energy from $67.00 to $68.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Seaport Res Ptn lowered CMS Energy from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. Finally, Scotiabank dropped their target price on CMS Energy from $67.00 to $66.00 and set a "sector outperform" rating on the stock in a report on Monday, April 22nd. 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. Based on data from MarketBeat.com, CMS Energy has an average rating of "Moderate Buy" and a consensus price target of $63.50.
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About CMS Energy
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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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