Scott B. Mcintosh Sells 936 Shares of CMS Energy Co. (NYSE:CMS) Stock

CMS Energy Co. (NYSE:CMS) CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CMS Energy Trading Up 1.1 %

NYSE CMS opened at $70.42 on Wednesday. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40. The stock has a market capitalization of $21.04 billion, a P/E ratio of 20.12, a PEG ratio of 2.77 and a beta of 0.41. The firm’s 50-day moving average is $69.70 and its two-hundred day moving average is $65.62. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (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 analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. CMS Energy’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. On average, sell-side analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.515 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio is presently 58.86%.

Institutional Investors Weigh In On CMS Energy

Hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. raised its stake in shares of CMS Energy by 0.6% in the first quarter. American International Group Inc. now owns 76,972 shares of the utilities provider’s stock valued at $4,644,000 after acquiring an additional 472 shares in the last quarter. Lazard Asset Management LLC raised its position in CMS Energy by 48,203.8% in the 1st quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock valued at $3,059,000 after purchasing an additional 50,614 shares in the last quarter. Bayesian Capital Management LP boosted its stake in shares of CMS Energy by 402.6% in the 1st quarter. Bayesian Capital Management LP now owns 19,600 shares of the utilities provider’s stock valued at $1,183,000 after buying an additional 15,700 shares during the period. Industrial Alliance Investment Management Inc. increased its stake in shares of CMS Energy by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 8,680 shares of the utilities provider’s stock worth $524,000 after buying an additional 270 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in CMS Energy by 40.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 7,465 shares of the utilities provider’s stock valued at $450,000 after acquiring an additional 2,165 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on CMS shares. Jefferies Financial Group began coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. KeyCorp upped their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Wells Fargo & Company raised their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Scotiabank upped their price target on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.21.

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.