Insider Selling: CMS Energy Co. (NYSE:CMS) SVP Sells $122,200.00 in Stock

CMS Energy Co. (NYSE:CMSGet Free Report) SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at approximately $5,968,370.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.

CMS Energy Stock Up 0.5 %

Shares of NYSE CMS opened at $61.56 on Friday. 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 Co. has a 1 year low of $49.87 and a 1 year high of $63.76. The company has a 50 day simple moving average of $59.11 and a 200 day simple moving average of $57.67. The firm has a market cap of $18.38 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.49 and a beta of 0.37.

CMS Energy (NYSE:CMSGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business earned $0.70 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

Institutional Trading of CMS Energy

Several large investors have recently modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in CMS Energy by 320.9% in the 4th 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 purchasing an additional 3,282,697 shares during the period. Norges Bank bought a new stake in shares of CMS Energy in the 4th quarter worth $111,004,000. American Century Companies Inc. grew its stake in shares of CMS Energy by 6,027.8% in the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock worth $92,453,000 after acquiring an additional 1,712,368 shares in the last quarter. Capital International Investors grew its stake in shares of CMS Energy by 24.8% in the 4th quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock worth $360,537,000 after acquiring an additional 1,234,791 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 34.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock worth $200,731,000 after acquiring an additional 883,180 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CMS shares. KeyCorp upped their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. BMO Capital Markets raised their target price on shares of CMS Energy from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Seaport Res Ptn lowered shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Wolfe Research upgraded shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price target on the stock in a research report on Tuesday, January 16th. Finally, UBS Group lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $63.50.

Get 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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Insider Buying and Selling by Quarter for CMS Energy (NYSE:CMS)

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