CMS Energy (NYSE:CMS) Trading 0.3% Higher

CMS Energy Co. (NYSE:CMS) shares rose 0.3% during mid-day trading on Friday . The stock traded as high as $67.77 and last traded at $66.54. Approximately 1,209,451 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 2,371,079 shares. The stock had previously closed at $66.37.

Analyst Ratings Changes

A number of research firms have recently weighed in on CMS. Scotiabank lowered their price target on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Company upped their price objective on shares of CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Guggenheim boosted their target price on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, KeyCorp raised their price target on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

CMS Energy Trading Down 1.1 %

The stock has a market capitalization of $19.61 billion, a PE ratio of 20.29, a P/E/G ratio of 2.58 and a beta of 0.38. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The company’s 50 day moving average price is $60.90 and its two-hundred day moving average price is $59.62.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Cuts Dividend

The firm 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 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insider Buying and Selling at CMS Energy

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

Institutional Trading of CMS Energy

Hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC grew its holdings in CMS Energy by 48,203.8% during the first quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock worth $3,059,000 after acquiring an additional 50,614 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of CMS Energy by 16.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock valued at $21,267,000 after purchasing an additional 49,630 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of CMS Energy by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,680,374 shares of the utilities provider’s stock valued at $97,579,000 after purchasing an additional 40,302 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in CMS Energy by 68.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock worth $3,721,000 after buying an additional 26,034 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in CMS Energy by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock worth $60,326,000 after buying an additional 18,636 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

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.