CMS Energy Corp. (CMS) Stock Price Down 1.9%
CMS Energy Corp. (NYSE:CMS)’s share price was down 1.9% during trading on Wednesday . The company traded as low as $44.17 and last traded at $44.17, with a volume of 877,941 shares traded. The stock had previously closed at $45.03.
A number of equities analysts have recently commented on CMS shares. Deutsche Bank AG reissued a “buy” rating on shares of CMS Energy Corp. in a research report on Monday, April 18th. SunTrust Banks Inc. decreased their target price on CMS Energy Corp. from $43.00 to $42.00 in a research note on Tuesday, April 12th. KeyCorp restated an “outperform” rating and set a $47.00 target price (up previously from $45.00) on shares of CMS Energy Corp. in a research note on Saturday, July 2nd. BMO Capital Markets restated a “buy” rating on shares of CMS Energy Corp. in a research note on Friday, July 29th. Finally, Zacks Investment Research upgraded CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday, July 14th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.75.
The company has a market cap of $12.26 billion and a price-to-earnings ratio of 22.52. The stock’s 50-day moving average price is $44.85 and its 200-day moving average price is $41.72.
CMS Energy Corp. (NYSE:CMS) last posted its earnings results on Thursday, July 28th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The company earned $1.37 billion during the quarter, compared to analyst estimates of $1.49 billion. CMS Energy Corp.’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. On average, equities research analysts forecast that CMS Energy Corp. will post $2.02 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 5th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.80%.
In other news, CEO John G. Russell sold 196,000 shares of the stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $41.04, for a total value of $8,043,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel J. Malone sold 3,639 shares of the stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $40.95, for a total value of $149,017.05. Following the completion of the sale, the senior vice president now owns 149,331 shares of the company’s stock, valued at approximately $6,115,104.45. The disclosure for this sale can be found here.
Several large investors recently bought and sold shares of CMS. American International Group Inc. raised its stake in CMS Energy Corp. by 1.0% in the fourth quarter. American International Group Inc. now owns 169,631 shares of the company’s stock worth $6,120,000 after buying an additional 1,712 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of CMS Energy Corp. by 9.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 78,079 shares of the company’s stock worth $2,817,000 after buying an additional 6,561 shares during the period. I.G. Investment Management LTD. raised its stake in shares of CMS Energy Corp. by 357.6% in the fourth quarter. I.G. Investment Management LTD. now owns 288,300 shares of the company’s stock worth $10,402,000 after buying an additional 225,300 shares during the period. WBI Investments Inc. acquired a new stake in shares of CMS Energy Corp. during the fourth quarter worth $5,809,000. Finally, Advisors Asset Management Inc. raised its stake in shares of CMS Energy Corp. by 11.4% in the fourth quarter. Advisors Asset Management Inc. now owns 41,920 shares of the company’s stock worth $1,512,000 after buying an additional 4,304 shares during the period.
CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.
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