CMS Energy Co. (NYSE:CMS) Director Sells $174,600.00 in Stock

CMS Energy Co. (NYSE:CMS) Director Laura Wright sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now directly owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

CMS Energy Stock Up 1.1 %

CMS Energy stock opened at $71.49 on Friday. The firm has a market cap of $21.36 billion, a PE ratio of 21.53, a P/E/G ratio of 2.56 and a beta of 0.42. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The firm’s 50 day moving average price is $67.22 and its two-hundred day moving average price is $68.27. CMS Energy Co. has a twelve month low of $56.31 and a twelve month high of $72.40.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, research analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 17th will be paid a dividend of $0.5425 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.17 annualized dividend and a dividend yield of 3.04%. CMS Energy’s dividend payout ratio is 65.36%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BankPlus Trust Department acquired a new position in shares of CMS Energy during the 4th quarter worth $29,000. First Horizon Advisors Inc. increased its stake in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares during the last quarter. Richardson Financial Services Inc. grew its stake in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after buying an additional 235 shares during the last quarter. Brooklyn Investment Group acquired a new position in CMS Energy in the 3rd quarter valued at $40,000. Finally, Covestor Ltd grew its stake in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after buying an additional 472 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CMS. Jefferies Financial Group started coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price for the company. Morgan Stanley reduced their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. BMO Capital Markets reduced their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $68.00 to $75.00 in a research report on Thursday. Finally, Scotiabank upped their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

About CMS Energy

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.