CMS Energy Co. (NYSE:CMS) CAO Scott B. Mcintosh Sells 6,700 Shares

CMS Energy Co. (NYSE:CMS) CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CMS Energy Stock Performance

Shares of CMS stock opened at $68.88 on Friday. CMS Energy Co. has a 12-month low of $56.31 and a 12-month high of $72.40. The company has a market cap of $20.58 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 2.48 and a beta of 0.42. The stock has a 50 day simple moving average of $66.90 and a 200-day simple moving average of $68.04. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.94.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, equities analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th will be paid a $0.5425 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.05%.

Analyst Ratings Changes

CMS has been the subject of several analyst reports. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Guggenheim reaffirmed a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Scotiabank upped their price objective on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets reduced their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Jefferies Financial Group initiated coverage on CMS Energy in a research note on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective for the company. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.15.

Hedge Funds Weigh In On CMS Energy

Hedge funds have recently bought and sold shares of the company. BankPlus Trust Department purchased a new position in CMS Energy in the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. grew its holdings in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after buying an additional 235 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares during the last quarter. Brooklyn Investment Group acquired a new stake in CMS Energy during the 3rd quarter valued at $40,000. Finally, Larson Financial Group LLC grew its holdings in 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.

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.