CMS Energy Co. (NYSE:CMS) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 6,869,000 shares, a growth of 14.2% from the May 15th total of 6,014,500 shares. Based on an average trading volume of 2,110,000 shares, the short-interest ratio is currently 3.3 days. Currently, 2.4% of the company’s shares are sold short.
In related news, VP Glenn P. Barba sold 8,500 shares of CMS Energy stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $54.95, for a total transaction of $467,075.00. Following the transaction, the vice president now directly owns 28,555 shares of the company’s stock, valued at $1,569,097.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John G. Russell sold 16,800 shares of CMS Energy stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $55.35, for a total transaction of $929,880.00. Following the transaction, the director now directly owns 299,196 shares in the company, valued at $16,560,498.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,856 shares of company stock worth $2,157,452. 0.52% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CMS. Vanguard Group Inc raised its position in shares of CMS Energy by 2.2% in the third quarter. Vanguard Group Inc now owns 33,531,947 shares of the utilities provider’s stock worth $1,643,065,000 after acquiring an additional 723,850 shares during the period. BlackRock Inc. raised its position in shares of CMS Energy by 4.3% in the fourth quarter. BlackRock Inc. now owns 26,150,756 shares of the utilities provider’s stock worth $1,298,384,000 after acquiring an additional 1,069,422 shares during the period. JPMorgan Chase & Co. raised its position in shares of CMS Energy by 1.1% in the first quarter. JPMorgan Chase & Co. now owns 15,766,374 shares of the utilities provider’s stock worth $875,664,000 after acquiring an additional 175,679 shares during the period. Geode Capital Management LLC raised its position in shares of CMS Energy by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 3,737,438 shares of the utilities provider’s stock worth $185,237,000 after acquiring an additional 253,498 shares during the period. Finally, Northern Trust Corp raised its position in shares of CMS Energy by 1.2% in the first quarter. Northern Trust Corp now owns 3,662,432 shares of the utilities provider’s stock worth $203,411,000 after acquiring an additional 44,908 shares during the period. Institutional investors own 91.98% of the company’s stock.
CMS has been the topic of several analyst reports. KeyCorp initiated coverage on shares of Southern in a report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Credit Suisse Group set a $199.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Bank of America set a $7.00 price target on shares of Deutsche Bank and gave the stock a “sell” rating in a report on Thursday, April 11th. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Morgan Stanley set a $100.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Thursday, May 16th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $55.85.
Shares of CMS traded down $0.42 during trading hours on Friday, reaching $58.58. 1,432,632 shares of the company traded hands, compared to its average volume of 1,821,623. The company has a market capitalization of $16.62 billion, a PE ratio of 25.14, a P/E/G ratio of 3.68 and a beta of 0.17. The stock has a fifty day simple moving average of $57.90. CMS Energy has a 12-month low of $46.25 and a 12-month high of $59.34. The company has a quick ratio of 0.92, a current ratio of 1.13 and a debt-to-equity ratio of 2.29.
CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 25th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The business had revenue of $2.06 billion for 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 company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. On average, analysts anticipate that CMS Energy will post 2.5 EPS for the current fiscal year.
About CMS Energy
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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