CMS Energy Corporation (NYSE:CMS) insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total value of $48,020.00. Following the completion of the transaction, the insider now directly owns 28,176 shares in the company, valued at $1,353,011.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
CMS Energy Corporation (NYSE:CMS) traded down $0.01 during mid-day trading on Friday, hitting $49.27. 2,010,400 shares of the stock traded hands, compared to its average volume of 1,833,775. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. CMS Energy Corporation has a twelve month low of $38.92 and a twelve month high of $49.41. The stock has a market cap of $13,897.58, a price-to-earnings ratio of 25.27, a P/E/G ratio of 3.51 and a beta of 0.18.
CMS Energy Corporation (NYSE:CMS) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07. CMS Energy Corporation had a net margin of 8.38% and a return on equity of 12.30%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. research analysts expect that CMS Energy Corporation will post 2.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, November 2nd. CMS Energy Corporation’s payout ratio is currently 68.91%.
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Several equities analysts recently issued reports on CMS shares. BMO Capital Markets reissued a “buy” rating and issued a $48.00 target price on shares of CMS Energy Corporation in a research report on Monday, July 31st. KeyCorp reissued a “buy” rating and issued a $51.00 target price on shares of CMS Energy Corporation in a research report on Friday, September 1st. BidaskClub raised CMS Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Bank of America Corporation assumed coverage on CMS Energy Corporation in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target on the stock. Finally, Morgan Stanley assumed coverage on CMS Energy Corporation in a research report on Monday, July 31st. They set an “equal weight” rating and a $47.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $48.90.
Several hedge funds have recently bought and sold shares of CMS. Archford Capital Strategies LLC boosted its stake in shares of CMS Energy Corporation by 62.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 438 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of CMS Energy Corporation during the 2nd quarter worth about $185,000. Trust Co. of Toledo NA OH purchased a new stake in shares of CMS Energy Corporation during the 2nd quarter worth about $205,000. IBM Retirement Fund purchased a new stake in shares of CMS Energy Corporation during the 3rd quarter worth about $205,000. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of CMS Energy Corporation during the 2nd quarter worth about $217,000. 87.15% of the stock is currently owned by institutional investors and hedge funds.
CMS Energy Corporation Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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