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

CMS Energy logo with Utilities background

CMS Energy Co. (NYSE:CMS - Get Free Report) SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the transaction, the senior vice president now directly owns 63,197 shares in the company, valued at $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CMS Energy Stock Down 0.9 %

Shares of NYSE:CMS traded down $0.62 during trading on Monday, hitting $66.70. 4,964,770 shares of the company's stock traded hands, compared to its average volume of 2,287,091. The company has a 50-day moving average price of $69.07 and a 200-day moving average price of $66.21. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The company has a market cap of $19.93 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 2.66 and a beta of 0.41.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The business's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.515 dividend. This is an increase from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 3.09%. CMS Energy's dividend payout ratio (DPR) is currently 58.86%.

Analyst Ratings Changes

CMS has been the topic of several research analyst reports. BMO Capital Markets decreased their price target on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. StockNews.com cut CMS Energy from a "hold" rating to a "sell" rating in a report on Thursday, November 28th. KeyCorp lifted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Jefferies Financial Group assumed coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price objective on the stock. Finally, Barclays lifted their target price on shares of CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. One equities research 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. Based on data from MarketBeat, CMS Energy presently has an average rating of "Moderate Buy" and an average target price of $70.36.

Check Out Our Latest Stock Report on CMS

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CMS. Quest Partners LLC raised its holdings in shares of CMS Energy by 130,804.3% in the second quarter. Quest Partners LLC now owns 30,108 shares of the utilities provider's stock valued at $1,792,000 after purchasing an additional 30,085 shares during the last quarter. Cetera Investment Advisers increased its stake in CMS Energy by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider's stock valued at $1,658,000 after buying an additional 1,631 shares during the last quarter. Mizuho Securities USA LLC lifted its position in CMS Energy by 992.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider's stock worth $18,075,000 after buying an additional 228,501 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock worth $537,503,000 after buying an additional 719,093 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of CMS Energy by 14.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 884,878 shares of the utilities provider's stock valued at $52,677,000 after acquiring an additional 109,424 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Company Profile

(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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