CMS Energy Corporation (NYSE:CMS) SVP Brian F. Rich sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total transaction of $168,910.00. Following the completion of the transaction, the senior vice president now directly owns 44,835 shares in the company, valued at approximately $2,163,737.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of CMS Energy Corporation (CMS) opened at 48.50 on Friday. The firm has a 50-day moving average of $46.95 and a 200 day moving average of $45.83. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 24.49 and a beta of 0.16. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.75.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 4th will be given a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, August 2nd. CMS Energy Corporation’s payout ratio is currently 66.83%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Partners LLC increased its position in shares of CMS Energy Corporation by 10.6% in the first quarter. Advisor Partners LLC now owns 6,914 shares of the utilities provider’s stock worth $309,000 after buying an additional 660 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of CMS Energy Corporation by 1,561,904.2% in the first quarter. Canada Pension Plan Investment Board now owns 749,762 shares of the utilities provider’s stock worth $33,544,000 after buying an additional 749,714 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of CMS Energy Corporation by 98.4% in the first quarter. Wells Fargo & Company MN now owns 1,006,560 shares of the utilities provider’s stock worth $45,033,000 after buying an additional 499,284 shares during the last quarter. Oxbow Advisors LLC purchased a new position in shares of CMS Energy Corporation during the first quarter worth about $210,000. Finally, Greenleaf Trust increased its position in shares of CMS Energy Corporation by 0.5% in the first quarter. Greenleaf Trust now owns 17,871 shares of the utilities provider’s stock worth $800,000 after buying an additional 83 shares during the last quarter. 85.93% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on CMS shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a research report on Tuesday, May 2nd. BidaskClub raised shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Credit Suisse Group raised shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the company from $46.00 to $50.00 in a research report on Monday, July 24th. Finally, Morgan Stanley started coverage on shares of CMS Energy Corporation in a research report on Monday, July 31st. They issued an “equal weight” rating and a $47.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.75.

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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