CMS Energy Co. (NYSE:CMS - Get Free Report) Director John G. Russell sold 28,750 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares of the company's stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
CMS Energy Stock Performance
NYSE CMS opened at $66.61 on Friday. The company has a market cap of $19.90 billion, a P/E ratio of 19.03, a PEG ratio of 2.66 and a beta of 0.41. The company has a fifty day simple moving average of $68.81 and a 200 day simple moving average of $66.26. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40.
CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the company earned $0.61 earnings per share. The business's revenue was up 4.2% on a year-over-year basis. Sell-side analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.
CMS Energy Increases Dividend
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.515 per share. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy's payout ratio is currently 58.86%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CMS. First Horizon Advisors Inc. raised its position in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock valued at $31,000 after buying an additional 275 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy in the 3rd quarter worth $40,000. Innealta Capital LLC purchased a new stake in shares of CMS Energy in the second quarter valued at about $43,000. Covestor Ltd raised its holdings in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 472 shares during the last quarter. Finally, Values First Advisors Inc. bought a new position in shares of CMS Energy during the third quarter valued at about $56,000. Institutional investors own 93.57% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on CMS shares. BMO Capital Markets decreased their price objective 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. StockNews.com lowered CMS Energy from a "hold" rating to a "sell" rating in a research report on Thursday, November 28th. Bank of America upped their target price on CMS Energy from $69.00 to $73.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 target price for the company. Finally, Barclays boosted their price target on CMS Energy from $65.00 to $68.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, CMS Energy has a consensus rating of "Moderate Buy" and a consensus price target of $70.36.
Read Our Latest Stock Analysis on CMS Energy
CMS Energy Company Profile
(
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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