CMS Energy Co. (NYSE:CMS) SVP Brian F. Rich sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $49.69, for a total transaction of $198,760.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
CMS opened at $48.14 on Friday. The company has a market cap of $14.03 billion and a P/E ratio of 22.18. CMS Energy Co. has a 1 year low of $40.48 and a 1 year high of $51.91. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.69 and a quick ratio of 0.47.
CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 25th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.53 billion. CMS Energy had a net margin of 8.00% and a return on equity of 14.88%. During the same quarter in the prior year, the company earned $0.62 EPS. On average, analysts expect that CMS Energy Co. will post 2.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 2nd will be given a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, November 1st. CMS Energy’s dividend payout ratio (DPR) is presently 65.90%.
A number of research analysts have recently commented on the stock. ValuEngine raised shares of CMS Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Morgan Stanley upped their price objective on shares of CMS Energy from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Wells Fargo & Co upped their price objective on shares of CMS Energy from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Argus raised shares of CMS Energy from a “hold” rating to a “buy” rating in a research note on Monday, September 10th. Finally, Wolfe Research downgraded shares of CMS Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, October 26th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. CMS Energy presently has a consensus rating of “Hold” and a consensus target price of $51.40.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in CMS Energy by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 709,247 shares of the utilities provider’s stock worth $33,531,000 after purchasing an additional 9,437 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in CMS Energy by 17.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,361,360 shares of the utilities provider’s stock worth $64,365,000 after acquiring an additional 200,900 shares during the period. Cubist Systematic Strategies LLC purchased a new position in CMS Energy in the 2nd quarter worth approximately $822,000. Manning & Napier Group LLC boosted its holdings in CMS Energy by 3.8% in the 3rd quarter. Manning & Napier Group LLC now owns 28,266 shares of the utilities provider’s stock worth $1,384,000 after acquiring an additional 1,045 shares during the period. Finally, Personal Capital Advisors Corp boosted its holdings in CMS Energy by 1,361.0% in the 3rd quarter. Personal Capital Advisors Corp now owns 149,023 shares of the utilities provider’s stock worth $7,302,000 after acquiring an additional 138,823 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.
CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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