CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister Sells 2,198 Shares

CMS Energy Co. (NYSE:CMS) SVP Brandon J. Hofmeister sold 2,198 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the sale, the senior vice president now directly owns 69,571 shares in the company, valued at $5,121,121.31. The trade was a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CMS Energy Price Performance

CMS Energy stock opened at $72.56 on Friday. CMS Energy Co. has a 52-week low of $58.50 and a 52-week high of $76.45. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.56 and a beta of 0.42. The company has a fifty day simple moving average of $72.89 and a 200-day simple moving average of $69.85.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. On average, equities analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy’s dividend payout ratio is presently 64.39%.

Analyst Ratings Changes

Several equities research analysts have commented on CMS shares. BMO Capital Markets boosted their target price on CMS Energy from $77.00 to $79.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Guggenheim reissued a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Wells Fargo & Company lifted their target price on CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Morgan Stanley set a $74.00 price objective on shares of CMS Energy and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Evercore ISI upped their price target on CMS Energy from $73.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday, April 28th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.25.

Institutional Trading of CMS Energy

Several institutional investors have recently modified their holdings of the stock. BankPlus Trust Department acquired a new position in shares of CMS Energy in the 4th quarter valued at $29,000. Richardson Financial Services Inc. increased its position in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 235 shares during the period. Larson Financial Group LLC raised its position in CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 696 shares in the last quarter. Optiver Holding B.V. lifted its stake in shares of CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 229 shares during the period. Finally, Mizuho Bank Ltd. acquired a new stake in shares of CMS Energy during the 4th quarter valued at approximately $61,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.