CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister Sells 2,000 Shares

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CMS Energy Stock Up 0.1 %

Shares of CMS Energy stock opened at $68.57 on Wednesday. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The firm has a market capitalization of $20.49 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.72 and a beta of 0.41. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The stock’s fifty day moving average is $69.75 and its 200-day moving average is $65.38.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Equities analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CMS. M&T Bank Corp grew its stake in CMS Energy by 0.7% in the third quarter. M&T Bank Corp now owns 483,215 shares of the utilities provider’s stock valued at $34,130,000 after purchasing an additional 3,497 shares in the last quarter. Toronto Dominion Bank grew its stake in CMS Energy by 18.2% in the 3rd quarter. Toronto Dominion Bank now owns 179,223 shares of the utilities provider’s stock valued at $12,659,000 after buying an additional 27,562 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of CMS Energy by 16.3% in the third quarter. Coldstream Capital Management Inc. now owns 4,459 shares of the utilities provider’s stock valued at $313,000 after purchasing an additional 625 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of CMS Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after acquiring an additional 105,062 shares during the period. Finally, Executive Wealth Management LLC bought a new stake in CMS Energy in the 3rd quarter valued at $450,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on CMS shares. KeyCorp increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. BMO Capital Markets dropped their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Guggenheim raised their target price on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Jefferies Financial Group initiated coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target on the stock. Finally, Evercore ISI upgraded CMS Energy to a “hold” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.29.

CMS Energy Company Profile

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.