CMS Energy (NYSE:CMS) Trading 1.2% Higher

Shares of CMS Energy Co. (NYSE:CMS) traded up 1.2% during mid-day trading on Tuesday . The stock traded as high as $65.60 and last traded at $65.30. 235,038 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 2,382,290 shares. The stock had previously closed at $64.50.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI raised CMS Energy to a “hold” rating in a research report on Friday, July 26th. Barclays increased their price target on CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. BMO Capital Markets increased their price target on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Scotiabank lowered their price target on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Finally, KeyCorp increased their price target on CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

CMS Energy Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a market cap of $19.38 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38. The stock has a 50 day simple moving average of $61.05 and a 200-day simple moving average of $59.76.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jon E. Barfield sold 2,360 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the completion of the transaction, the director now owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now directly owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Scarborough Advisors LLC bought a new stake in CMS Energy in the fourth quarter worth about $29,000. Voisard Asset Management Group Inc. bought a new stake in CMS Energy in the fourth quarter worth about $36,000. TruNorth Capital Management LLC lifted its stake in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 578 shares during the last quarter. Headlands Technologies LLC bought a new stake in CMS Energy in the first quarter worth about $43,000. Finally, Innealta Capital LLC bought a new stake in CMS Energy in the second quarter worth about $43,000. Institutional investors own 93.57% of the company’s stock.

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.