CMS Energy Corporation (NYSE:CMS - Get Free Report) SVP Brandon Hofmeister sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total transaction of $222,930.00. Following the sale, the senior vice president directly owned 67,111 shares in the company, valued at $4,987,018.41. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
CMS Energy Trading Down 0.1%
Shares of CMS stock traded down $0.05 during trading hours on Wednesday, hitting $74.15. 556,512 shares of the company's stock traded hands, compared to its average volume of 2,943,965. The stock has a market cap of $22.91 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.70 and a beta of 0.37. The stock's 50 day simple moving average is $75.97 and its 200 day simple moving average is $74.01. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.80. CMS Energy Corporation has a 12 month low of $68.37 and a 12 month high of $80.36.
CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. CMS Energy's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. On average, sell-side analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current year.
CMS Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. CMS Energy's dividend payout ratio is presently 62.98%.
Hedge Funds Weigh In On CMS Energy
Institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its position in shares of CMS Energy by 3.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,259 shares of the utilities provider's stock valued at $298,000 after acquiring an additional 137 shares during the period. Hantz Financial Services Inc. grew its holdings in CMS Energy by 1.5% in the fourth quarter. Hantz Financial Services Inc. now owns 9,467 shares of the utilities provider's stock worth $662,000 after purchasing an additional 143 shares during the period. Covestor Ltd grew its holdings in CMS Energy by 52.0% in the third quarter. Covestor Ltd now owns 424 shares of the utilities provider's stock worth $31,000 after purchasing an additional 145 shares during the period. Florida Financial Advisors LLC increased its stake in CMS Energy by 4.9% in the fourth quarter. Florida Financial Advisors LLC now owns 3,174 shares of the utilities provider's stock valued at $220,000 after purchasing an additional 149 shares in the last quarter. Finally, Cim LLC raised its holdings in shares of CMS Energy by 0.8% during the third quarter. Cim LLC now owns 19,038 shares of the utilities provider's stock valued at $1,395,000 after purchasing an additional 152 shares during the period. 93.57% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Morgan Stanley set a $77.00 target price on CMS Energy in a report on Thursday, May 21st. BMO Capital Markets dropped their price target on shares of CMS Energy from $85.00 to $82.00 and set an "outperform" rating on the stock in a research report on Monday, May 11th. Wells Fargo & Company set a $80.00 price objective on shares of CMS Energy in a research note on Tuesday, April 21st. Williams Trading set a $80.00 target price on shares of CMS Energy in a research note on Monday, February 9th. Finally, Bank of America boosted their target price on shares of CMS Energy from $82.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.83.
Check Out Our Latest Stock Report on CMS Energy
CMS Energy Company Profile
(
Get Free Report)
CMS Energy NYSE: CMS is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.
Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.
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