CMS Energy Co. (NYSE:CMS) Director John G. Russell Sells 5,600 Shares

CMS Energy Co. (NYSE:CMS) Director John G. Russell sold 5,600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $57.78, for a total transaction of $323,568.00. Following the completion of the sale, the director now owns 290,711 shares of the company’s stock, valued at $16,797,281.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of CMS stock traded up $0.37 during trading hours on Friday, hitting $59.36. 33,184 shares of the company’s stock traded hands, compared to its average volume of 1,444,910. The stock has a fifty day moving average price of $58.51. CMS Energy Co. has a 12-month low of $47.18 and a 12-month high of $59.54. The firm has a market cap of $16.62 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.67 and a beta of 0.17. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.71 and a current ratio of 0.94.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.11). CMS Energy had a net margin of 8.41% and a return on equity of 12.13%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $0.48 earnings per share. CMS Energy’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities research analysts forecast that CMS Energy Co. will post 2.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be issued a $0.3825 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.53 dividend on an annualized basis and a yield of 2.58%. CMS Energy’s payout ratio is currently 65.67%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in CMS Energy by 1.1% in the 1st 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 last quarter. Geode Capital Management LLC raised its holdings in CMS Energy by 7.3% in the 4th 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 last quarter. Northern Trust Corp raised its holdings in CMS Energy by 1.2% in the 1st 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 last quarter. Pictet Asset Management Ltd. grew its position in CMS Energy by 18.2% in the 1st quarter. Pictet Asset Management Ltd. now owns 3,191,821 shares of the utilities provider’s stock worth $177,274,000 after purchasing an additional 491,602 shares during the period. Finally, FIL Ltd grew its position in CMS Energy by 1.9% in the 1st quarter. FIL Ltd now owns 2,798,422 shares of the utilities provider’s stock worth $155,424,000 after purchasing an additional 53,134 shares during the period. Institutional investors own 92.07% of the company’s stock.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating and set a $62.00 price objective for the company in a report on Tuesday, July 23rd. Credit Suisse Group set a $58.00 price objective on shares of CMS Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Barclays restated a “hold” rating and issued a $61.00 price objective on shares of CMS Energy in a report on Thursday, June 20th. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Thursday, April 11th. Finally, KeyCorp assumed coverage on shares of CMS Energy in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.08.

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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