CMS Energy Co. (NYSE:CMS) VP Glenn P. Barba sold 8,500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $54.95, for a total transaction of $467,075.00. Following the sale, the vice president now directly owns 28,555 shares in the company, valued at approximately $1,569,097.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of CMS Energy stock opened at $55.11 on Tuesday. The firm has a market capitalization of $15.68 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 3.47 and a beta of 0.18. CMS Energy Co. has a 12 month low of $42.52 and a 12 month high of $56.29. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.92 and a current ratio of 1.13.
CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, April 25th. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.96 billion. CMS Energy had a net margin of 9.01% and a return on equity of 13.16%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 earnings per share. As a group, equities research analysts expect that CMS Energy Co. will post 2.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a $0.3825 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.78%. CMS Energy’s payout ratio is 65.67%.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Monday, March 25th. SunTrust Banks reissued a “hold” rating and set a $56.00 price objective on shares of CMS Energy in a report on Monday, February 25th. Guggenheim reissued a “hold” rating and set a $53.00 price objective on shares of CMS Energy in a report on Monday, January 7th. Argus raised their price objective on shares of CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. Finally, Credit Suisse Group set a $58.00 price objective on shares of CMS Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $54.77.
Several institutional investors have recently made changes to their positions in CMS. Raymond James & Associates increased its stake in CMS Energy by 11.4% in the 1st quarter. Raymond James & Associates now owns 103,806 shares of the utilities provider’s stock valued at $5,765,000 after buying an additional 10,592 shares during the period. Brasada Capital Management LP increased its stake in CMS Energy by 14.3% in the 1st quarter. Brasada Capital Management LP now owns 60,461 shares of the utilities provider’s stock valued at $3,358,000 after buying an additional 7,546 shares during the period. Blue Sky Asset Management LLC acquired a new position in CMS Energy in the 1st quarter valued at $38,000. CIBC Asset Management Inc increased its stake in CMS Energy by 2.7% in the 1st quarter. CIBC Asset Management Inc now owns 31,076 shares of the utilities provider’s stock valued at $1,726,000 after buying an additional 812 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in CMS Energy by 9.5% in the 1st quarter. Teacher Retirement System of Texas now owns 314,517 shares of the utilities provider’s stock valued at $17,468,000 after buying an additional 27,224 shares during the period. 92.81% of the stock is currently owned by institutional investors and hedge funds.
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CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.
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