CMS Energy (NYSE:CMS) Trading Down 1.6%

CMS Energy Co. (NYSE:CMS) traded down 1.6% on Monday . The company traded as low as $64.80 and last traded at $65.07. 538,872 shares were traded during trading, a decline of 77% from the average session volume of 2,385,256 shares. The stock had previously closed at $66.12.

Analysts Set New Price Targets

Several analysts recently commented on CMS shares. Barclays raised their price target on shares of CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Wells Fargo & Company raised their price target on shares of CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Scotiabank dropped their price target on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Morgan Stanley cut 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 report on Monday, June 24th. Finally, Guggenheim raised their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.00.

CMS Energy Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The stock’s fifty day moving average price is $61.13 and its two-hundred day moving average price is $59.82. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38.

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

CMS Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Friday, August 2nd. CMS Energy’s payout ratio is 62.80%.

Insider Buying and Selling

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

Hedge Funds Weigh In On CMS Energy

Institutional investors have recently bought and sold shares of the company. Brasada Capital Management LP lifted its holdings in shares of CMS Energy by 1.3% in the 2nd quarter. Brasada Capital Management LP now owns 131,303 shares of the utilities provider’s stock valued at $7,965,000 after buying an additional 1,703 shares during the period. Headlands Technologies LLC boosted its position in shares of CMS Energy by 194.4% during the 2nd quarter. Headlands Technologies LLC now owns 2,102 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 1,388 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of CMS Energy by 3.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 46,616 shares of the utilities provider’s stock worth $2,775,000 after purchasing an additional 1,603 shares during the period. Andra AP fonden purchased a new position in shares of CMS Energy in the 2nd quarter valued at about $2,405,000. Finally, Choreo LLC acquired a new stake in shares of CMS Energy in the second quarter valued at about $460,000. 93.57% of the stock is owned by institutional investors and hedge funds.

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.