CMS Energy Co. (NYSE:CMS) SVP Sells $136,340.00 in Stock

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. The trade was a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CMS Energy Stock Performance

Shares of NYSE:CMS opened at $69.20 on Friday. The company’s 50 day simple moving average is $69.73 and its 200 day simple moving average is $65.42. The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.73 and a beta of 0.41. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, research analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.98%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Institutional Trading of CMS Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its position in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after buying an additional 719,093 shares in the last quarter. Geode Capital Management LLC boosted its position in CMS Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after buying an additional 105,062 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CMS Energy by 0.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock valued at $152,267,000 after buying an additional 18,403 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in CMS Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after buying an additional 25,196 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its position in CMS Energy by 105.9% in the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after buying an additional 800,344 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Guggenheim increased their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets reduced their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.29.

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.