CMS Energy (NYSE:CMS) Trading Up 0%

CMS Energy Co. (NYSE:CMS)’s stock price rose 0% during trading on Thursday . The company traded as high as $65.23 and last traded at $64.82. Approximately 292,335 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 2,357,838 shares. The stock had previously closed at $64.80.

Analyst Ratings Changes

Several brokerages have weighed in on CMS. Scotiabank reduced their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. BMO Capital Markets raised their price target on CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. KeyCorp boosted their price objective on shares of CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Evercore ISI raised shares of CMS Energy to a “hold” rating in a research report on Friday, July 26th. Finally, UBS Group downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research note on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.00.

CMS Energy Price Performance

The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The stock’s 50 day simple moving average is $60.79 and its two-hundred day simple moving average is $59.57. The firm has a market capitalization of $19.81 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the company earned $0.75 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total value of $99,986.66. Following the sale, the senior vice president now directly owns 68,330 shares in the company, valued at approximately $4,098,433.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the transaction, the senior vice president now directly owns 68,330 shares in the company, valued at $4,098,433.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jon E. Barfield sold 2,360 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the sale, the director now owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of CMS Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy during the fourth quarter worth $29,000. Voisard Asset Management Group Inc. acquired a new stake in shares of CMS Energy in the 4th quarter worth $36,000. TruNorth Capital Management LLC boosted its holdings in shares of CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 578 shares in the last quarter. Headlands Technologies LLC purchased a new position in CMS Energy during the first quarter worth about $43,000. Finally, Innealta Capital LLC purchased a new stake in CMS Energy in the 2nd quarter valued at approximately $43,000. 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.