David G. Mengebier Sells 2,500 Shares of CMS Energy Corporation (CMS) Stock
CMS Energy Corporation (NYSE:CMS) insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
CMS Energy Corporation (NYSE CMS) traded up $0.04 on Friday, hitting $49.44. 435,212 shares of the stock traded hands, compared to its average volume of 1,824,851. CMS Energy Corporation has a 52 week low of $39.42 and a 52 week high of $50.85. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. The firm has a market capitalization of $13,931.43, a PE ratio of 25.33, a PEG ratio of 3.52 and a beta of 0.18.
CMS Energy Corporation (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. CMS Energy Corporation had a net margin of 8.38% and a return on equity of 12.30%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the company posted $0.70 earnings per share. CMS Energy Corporation’s revenue for the quarter was down 3.8% compared to the same quarter last year. equities research analysts anticipate that CMS Energy Corporation will post 2.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd will be issued a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Thursday, November 2nd. CMS Energy Corporation’s payout ratio is 68.91%.
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Several brokerages have issued reports on CMS. Royal Bank Of Canada restated a “hold” rating and issued a $46.00 price target on shares of CMS Energy Corporation in a research report on Monday, September 11th. KeyCorp reiterated a “buy” rating and set a $51.00 price objective on shares of CMS Energy Corporation in a research report on Friday, September 1st. Morgan Stanley increased their price objective on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Guggenheim started coverage on shares of CMS Energy Corporation in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective for the company. Finally, BidaskClub upgraded shares of CMS Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. CMS Energy Corporation has a consensus rating of “Buy” and a consensus price target of $48.90.
A number of large investors have recently bought and sold shares of the business. IFM Investors Pty Ltd acquired a new stake in CMS Energy Corporation in the third quarter worth $382,000. California Public Employees Retirement System grew its holdings in CMS Energy Corporation by 10.7% in the third quarter. California Public Employees Retirement System now owns 776,512 shares of the utilities provider’s stock worth $35,968,000 after purchasing an additional 75,265 shares during the period. Krilogy Financial LLC acquired a new stake in CMS Energy Corporation in the third quarter worth $232,000. Janney Montgomery Scott LLC grew its holdings in CMS Energy Corporation by 3.2% in the third quarter. Janney Montgomery Scott LLC now owns 39,061 shares of the utilities provider’s stock worth $1,809,000 after purchasing an additional 1,210 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in CMS Energy Corporation by 13.5% in the third quarter. Cubist Systematic Strategies LLC now owns 19,752 shares of the utilities provider’s stock worth $915,000 after purchasing an additional 2,352 shares during the period. Institutional investors and hedge funds own 87.57% of the company’s stock.
About CMS Energy Corporation
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.
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