By otakuyassine3@gmail.com 
CMS Energy Co. (NYSE:CMS – Get Free Report) Director John G. Russell sold 28,750 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
CMS Energy Stock Up 1.3 %
Shares of CMS stock opened at $66.61 on Monday. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The business’s fifty day moving average is $68.81 and its 200-day moving average is $66.28. The stock has a market cap of $19.90 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.66 and a beta of 0.41.
CMS Energy (NYSE:CMS – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. Equities analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.
CMS Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio is 58.86%.
Institutional Investors Weigh In On CMS Energy
Large investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its position in shares of CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares during the period. Raymond James & Associates boosted its holdings in shares of CMS Energy by 310.2% in the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after buying an additional 851,364 shares during the period. iA Global Asset Management Inc. increased its position in shares of CMS Energy by 105.9% in the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after acquiring an additional 800,344 shares in the last quarter. Railway Pension Investments Ltd acquired a new stake in shares of CMS Energy during the second quarter valued at approximately $47,082,000. Finally, National Bank of Canada FI boosted its position in shares of CMS Energy by 404.8% in the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock worth $63,053,000 after buying an additional 715,891 shares during the period. 93.57% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on CMS. StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. Bank of America raised their target price on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays upped their price target on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company lifted their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.36.
Check Out Our Latest Stock Analysis on CMS
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.
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