CMS Energy Corporation (NYSE:CMS) insider Garrick J. Rochow sold 2,000 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the transaction, the insider now owns 64,307 shares of the company’s stock, valued at approximately $3,074,517.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CMS Energy Corporation (CMS) traded up 0.15% during midday trading on Monday, hitting $48.28. 942,342 shares of the stock traded hands. The stock has a 50-day moving average of $46.63 and a 200 day moving average of $45.62. The firm has a market cap of $13.59 billion, a PE ratio of 24.38 and a beta of 0.16. CMS Energy Corporation has a 52-week low of $38.78 and a 52-week high of $48.49.

CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.08. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Equities analysts forecast that CMS Energy Corporation will post $2.17 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 4th will be given a dividend of $0.3325 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.33 annualized dividend and a dividend yield of 2.76%. CMS Energy Corporation’s payout ratio is 66.83%.

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Several research firms have commented on CMS. Morgan Stanley began coverage on shares of CMS Energy Corporation in a research report on Monday, July 31st. They set an “equal weight” rating and a $47.00 price objective for the company. Credit Suisse Group upgraded shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $46.00 to $50.00 in a research report on Monday, July 24th. BidaskClub upgraded shares of CMS Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday. BMO Capital Markets reiterated a “buy” rating and set a $48.00 price objective on shares of CMS Energy Corporation in a research report on Tuesday, May 2nd. Finally, Barclays PLC restated an “equal weight” rating and issued a $49.00 target price (up previously from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. CMS Energy Corporation presently has a consensus rating of “Buy” and a consensus price target of $47.75.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Chip Partners Inc. boosted its position in shares of CMS Energy Corporation by 0.7% in the first quarter. Blue Chip Partners Inc. now owns 4,610 shares of the utilities provider’s stock valued at $206,000 after buying an additional 34 shares during the last quarter. Clarius Group LLC boosted its position in shares of CMS Energy Corporation by 0.6% in the second quarter. Clarius Group LLC now owns 5,320 shares of the utilities provider’s stock valued at $247,000 after buying an additional 34 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of CMS Energy Corporation by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 16,924 shares of the utilities provider’s stock valued at $783,000 after buying an additional 62 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in shares of CMS Energy Corporation by 1.3% in the second quarter. Wetherby Asset Management Inc. now owns 5,216 shares of the utilities provider’s stock valued at $241,000 after buying an additional 66 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of CMS Energy Corporation by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,836 shares of the utilities provider’s stock valued at $964,000 after buying an additional 73 shares during the last quarter. 85.93% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Corporation Company Profile

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Insider Buying and Selling by Quarter for CMS Energy Corporation (NYSE:CMS)

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