CMS Energy Corporation (NYSE:CMS) SVP Brandon J. Hofmeister Sells 2,000 Shares

Key Points

• Brandon J. Hofmeister, SVP of CMS Energy, sold 2,000 shares at an average price of $73.62, reducing his ownership by 2.86% and retaining approximately $5 million in company stock.
• CMS Energy recently reported earnings of $0.71 per share, exceeding analysts' expectations, with quarterly revenue reaching $1.84 billion, a 14.4% increase year-over-year.
• The company announced a quarterly dividend of $0.5425, translating to an annualized dividend of $2.17 with a yield of 3% for shareholders of record on August 8th.

CMS Energy Corporation (NYSE:CMS - Get Free Report) SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the sale, the senior vice president directly owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CMS Energy Price Performance

Shares of CMS Energy stock traded down $0.13 during mid-day trading on Tuesday, reaching $72.79. 914,579 shares of the stock were exchanged, compared to its average volume of 2,481,339. The company has a market cap of $21.79 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 2.73 and a beta of 0.36. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The firm has a 50-day simple moving average of $70.99 and a 200 day simple moving average of $71.27. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. On average, sell-side analysts predict that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, August 8th. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of recent research reports. Evercore ISI increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. Jefferies Financial Group increased their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of "Hold" and an average target price of $77.25.

Institutional Investors Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMS. AlphaQuest LLC increased its position in CMS Energy by 285.5% in the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 334 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of CMS Energy by 127.7% in the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 300 shares during the last quarter. Tobam boosted its stake in shares of CMS Energy by 35.0% in the 2nd quarter. Tobam now owns 559 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 145 shares during the last quarter. WPG Advisers LLC bought a new position in shares of CMS Energy in the 1st quarter valued at about $47,000. Finally, Optiver Holding B.V. boosted its stake in shares of CMS Energy by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

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.

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