CMS Energy Co. (NYSE:CMS - Get Free Report) CAO Scott B. Mcintosh sold 6,700 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
CMS Energy Stock Performance
NYSE CMS traded up $0.75 during trading hours on Tuesday, reaching $69.56. The stock had a trading volume of 411,941 shares, compared to its average volume of 2,161,877. CMS Energy Co. has a 52-week low of $56.31 and a 52-week high of $72.40. The stock has a fifty day moving average of $66.96 and a 200 day moving average of $68.14. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.83 and a current ratio of 1.23. The stock has a market cap of $20.78 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 2.48 and a beta of 0.42.
CMS Energy (NYSE:CMS - Get Free Report) 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 net margin of 13.35% and a return on equity of 12.02%. Sell-side analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current 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 paid a dividend of $0.5425 per share. The ex-dividend date is Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.12%. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's dividend payout ratio (DPR) is presently 62.05%.
Institutional Trading of CMS Energy
A number of hedge funds have recently modified their holdings of CMS. CWM LLC grew its stake in shares of CMS Energy by 31.3% during the 3rd quarter. CWM LLC now owns 12,407 shares of the utilities provider's stock worth $876,000 after purchasing an additional 2,959 shares during the period. Exchange Traded Concepts LLC boosted its holdings in 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 buying an additional 1,159 shares in the last quarter. Creative Planning grew its position in CMS Energy by 1.6% during the third quarter. Creative Planning now owns 33,261 shares of the utilities provider's stock valued at $2,349,000 after buying an additional 524 shares during the period. Vontobel Holding Ltd. increased its holdings in CMS Energy by 5.3% in the third quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider's stock valued at $301,000 after buying an additional 215 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC raised its position in shares of CMS Energy by 3.8% in 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 period. Hedge funds and other institutional investors own 93.57% of the company's stock.
Analyst Ratings Changes
Several brokerages have issued reports on CMS. Scotiabank increased their target price on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Jefferies Financial Group started coverage on CMS Energy in a research report on Tuesday, November 5th. They set a "buy" rating and a $76.00 price objective on the stock. Guggenheim reiterated a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Morgan Stanley reduced their price objective on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.15.
View Our Latest Analysis on CMS Energy
About CMS Energy
(
Get Free Report)
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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