CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister Sells 1,667 Shares of Stock

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $56.27, for a total value of $93,802.09. Following the completion of the sale, the senior vice president now owns 61,765 shares in the company, valued at approximately $3,475,516.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CMS Energy Price Performance

Shares of NYSE CMS opened at $57.25 on Friday. The stock’s 50-day moving average is $58.29 and its two-hundred day moving average is $59.53. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.95 and a quick ratio of 0.63. CMS Energy Co. has a 1-year low of $52.41 and a 1-year high of $68.36. The company has a market cap of $16.70 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 2.35 and a beta of 0.37.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. CMS Energy had a return on equity of 10.38% and a net margin of 9.07%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the business earned $0.53 EPS. CMS Energy’s revenue was down 19.0% on a year-over-year basis. Analysts forecast that CMS Energy Co. will post 3.1 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 4th were issued a dividend of $0.4875 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.95 annualized dividend and a yield of 3.41%. CMS Energy’s dividend payout ratio (DPR) is 78.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CMS shares. Royal Bank of Canada reduced their target price on CMS Energy from $71.00 to $64.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 6th. StockNews.com assumed coverage on CMS Energy in a report on Thursday, August 17th. They issued a “sell” rating on the stock. UBS Group upgraded CMS Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $63.00 to $68.00 in a report on Tuesday, June 6th. Guggenheim cut their price objective on CMS Energy from $65.00 to $61.00 in a report on Friday, July 7th. Finally, Argus cut their price objective on CMS Energy from $75.00 to $62.00 in a report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $63.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of CMS Energy by 7.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,193,201 shares of the utilities provider’s stock worth $1,245,101,000 after acquiring an additional 1,532,826 shares in the last quarter. State Street Corp boosted its position in shares of CMS Energy by 1.5% during the 2nd quarter. State Street Corp now owns 17,583,510 shares of the utilities provider’s stock worth $1,033,031,000 after acquiring an additional 259,974 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of CMS Energy by 3.9% during the 1st quarter. Ameriprise Financial Inc. now owns 6,854,102 shares of the utilities provider’s stock worth $419,975,000 after acquiring an additional 257,872 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CMS Energy by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,513,125 shares of the utilities provider’s stock worth $381,696,000 after acquiring an additional 227,199 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of CMS Energy by 1.3% during the 2nd quarter. Wells Fargo & Company MN now owns 6,327,495 shares of the utilities provider’s stock worth $371,740,000 after acquiring an additional 82,454 shares in the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

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.