CMS Energy (NYSE:CMS) Shares Up 0%

CMS Energy Co. (NYSE:CMS) traded up 0% during trading on Monday . The company traded as high as $65.54 and last traded at $65.42. 168,669 shares changed hands during trading, a decline of 93% from the average session volume of 2,362,369 shares. The stock had previously closed at $65.40.

Analysts Set New Price Targets

A number of equities analysts have commented on CMS shares. Morgan Stanley dropped their price objective on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Guggenheim raised their target price on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Scotiabank reduced their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Evercore ISI raised shares of CMS Energy to a “hold” rating in a research report on Friday, July 26th. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

CMS Energy Stock Up 0.6 %

The stock has a market cap of $19.65 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The firm has a fifty day moving average of $61.35 and a 200 day moving average of $60.01.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 3.10%. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insiders Place Their Bets

In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at approximately $884,859.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the completion of the sale, the director now directly owns 14,556 shares in the company, valued at $884,859.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total value of $99,986.66. Following the completion of the sale, the senior vice president now owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CMS. Lazard Asset Management LLC grew its holdings in CMS Energy by 48,203.8% during the 1st quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock worth $3,059,000 after acquiring an additional 50,614 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of CMS Energy by 16.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock worth $21,267,000 after purchasing an additional 49,630 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of CMS Energy by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,680,374 shares of the utilities provider’s stock valued at $97,579,000 after acquiring an additional 40,302 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in CMS Energy by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock valued at $60,326,000 after purchasing an additional 18,636 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in CMS Energy by 132.8% during the fourth quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock valued at $62,100,000 after acquiring an additional 611,282 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

About CMS Energy

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.