CMS Energy Co. (NYSE:CMS) SVP Sells $147,540.00 in Stock

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CMS Energy Stock Down 1.6 %

CMS opened at $72.84 on Wednesday. The company has a market capitalization of $21.76 billion, a PE ratio of 21.96, a P/E/G ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a one year low of $56.61 and a one year high of $75.06. 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 stock’s fifty day moving average is $68.13 and its 200-day moving average is $68.63.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating 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, equities analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 2.98%. CMS Energy’s dividend payout ratio (DPR) is presently 65.36%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target on the stock. Scotiabank boosted their price target on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley cut their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

Institutional Trading of CMS Energy

A number of hedge funds have recently made changes to their positions in CMS. BankPlus Trust Department purchased a new stake in CMS Energy in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. grew its stake in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares in the last quarter. First Horizon Advisors Inc. increased 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 worth $31,000 after purchasing an additional 275 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of CMS Energy during the 3rd quarter worth about $40,000. Finally, Larson Financial Group LLC lifted its holdings in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after buying an additional 696 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

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.