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

CMS Energy Co. (NYSE:CMS - Get Free Report) SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The shares were 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. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CMS Energy Stock Performance

Shares of CMS stock traded up $1.48 during trading on Friday, reaching $73.12. 3,049,425 shares of the company's stock were exchanged, compared to its average volume of 2,284,112. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $21.85 billion, a PE ratio of 22.02, a PEG ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a twelve month low of $56.61 and a twelve month high of $75.06. The firm's fifty day moving average price is $68.46 and its 200-day moving average price is $68.74.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, sell-side analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

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CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.97%. CMS Energy's payout ratio is presently 65.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Scotiabank lifted 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. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Morgan Stanley dropped their target price on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Finally, Guggenheim reissued a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, CMS Energy currently has an average rating of "Moderate Buy" and a consensus price target of $72.42.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Siemens Fonds Invest GmbH boosted its stake in CMS Energy by 25.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 4,048 shares of the utilities provider's stock valued at $270,000 after purchasing an additional 819 shares during the period. Cim LLC boosted its stake in CMS Energy by 2.0% in the 4th quarter. Cim LLC now owns 18,068 shares of the utilities provider's stock valued at $1,204,000 after purchasing an additional 346 shares during the period. Brooklyn FI LLC bought a new stake in CMS Energy in the 4th quarter valued at $308,000. LifeWealth Investments LLC bought a new stake in CMS Energy in the 4th quarter valued at $322,000. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in CMS Energy in the 4th quarter valued at $2,017,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Company Profile

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.