CMS Energy Co. (NYSE:CMS) SVP Brian F. Rich Sells 4,000 Shares

CMS Energy Co. (NYSE:CMS – Get Rating) SVP Brian F. Rich sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $61.72, for a total transaction of $246,880.00. Following the transaction, the senior vice president now directly owns 91,927 shares in the company, valued at $5,673,734.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CMS Energy Stock Performance

NYSE CMS opened at $61.34 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 1.79. The business’s 50 day moving average is $61.55 and its two-hundred day moving average is $61.33. CMS Energy Co. has a 12-month low of $52.41 and a 12-month high of $73.76. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.47 and a beta of 0.34.

CMS Energy (NYSE:CMS – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The utilities provider reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.05 billion. CMS Energy had a return on equity of 11.57% and a net margin of 9.74%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. Research analysts expect that CMS Energy Co. will post 3.11 EPS for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Monday, February 13th were paid a $0.4875 dividend. The ex-dividend date of this dividend was Friday, February 10th. This represents a $1.95 dividend on an annualized basis and a yield of 3.18%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.46. CMS Energy’s dividend payout ratio is presently 68.42%.

Institutional Investors Weigh In On CMS Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blair William & Co. IL lifted its stake in CMS Energy by 2.6% in the 1st quarter. Blair William & Co. IL now owns 6,561 shares of the utilities provider’s stock valued at $459,000 after buying an additional 168 shares in the last quarter. Oxler Private Wealth LLC lifted its stake in CMS Energy by 0.6% in the 3rd quarter. Oxler Private Wealth LLC now owns 27,126 shares of the utilities provider’s stock valued at $1,580,000 after buying an additional 174 shares in the last quarter. Kinneret Advisory LLC lifted its stake in CMS Energy by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 7,756 shares of the utilities provider’s stock valued at $542,000 after buying an additional 174 shares in the last quarter. Texas Permanent School Fund lifted its stake in CMS Energy by 0.4% in the 4th quarter. Texas Permanent School Fund now owns 41,239 shares of the utilities provider’s stock valued at $2,612,000 after buying an additional 178 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its stake in CMS Energy by 23.1% in the 4th quarter. Dupont Capital Management Corp now owns 975 shares of the utilities provider’s stock valued at $62,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 92.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BMO Capital Markets lowered their price objective on shares of CMS Energy from $70.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $71.00 price objective on shares of CMS Energy in a research report on Wednesday, February 8th. Wells Fargo & Company lowered their target price on shares of CMS Energy from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, February 3rd. StockNews.com began coverage on shares of CMS Energy in a report on Thursday. They set a “sell” rating for the company. Finally, Morgan Stanley lowered their price objective on CMS Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $67.20.

CMS Energy Company Profile

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CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas.