CMS Energy Co. (CMS) SVP Catherine M. Reynolds Sells 8,310 Shares
CMS Energy Co. (NYSE:CMS) SVP Catherine M. Reynolds sold 8,310 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.40, for a total value of $360,654.00. Following the completion of the transaction, the senior vice president now owns 126,810 shares in the company, valued at approximately $5,503,554. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of CMS Energy Co. (NYSE:CMS) traded up $0.24 during trading on Thursday, hitting $43.26. The stock had a trading volume of 736,508 shares, compared to its average volume of 3,012,122. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.89 and a quick ratio of 0.65. The firm has a market cap of $12,245.75, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.94 and a beta of 0.09. CMS Energy Co. has a fifty-two week low of $40.48 and a fifty-two week high of $50.85.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a return on equity of 13.60% and a net margin of 6.99%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. research analysts forecast that CMS Energy Co. will post 2.33 EPS for the current year.
A number of hedge funds have recently modified their holdings of CMS. Dimensional Fund Advisors LP grew its holdings in CMS Energy by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 669,076 shares of the utilities provider’s stock worth $30,945,000 after buying an additional 14,228 shares in the last quarter. Achmea Investment Management B.V. bought a new position in CMS Energy in the 2nd quarter worth approximately $229,000. Shell Asset Management Co. grew its holdings in CMS Energy by 12.3% in the 3rd quarter. Shell Asset Management Co. now owns 81,839 shares of the utilities provider’s stock worth $2,427,000 after buying an additional 8,976 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in CMS Energy by 2,849.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 156,532 shares of the utilities provider’s stock worth $7,251,000 after buying an additional 151,225 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in CMS Energy by 10.0% in the 3rd quarter. APG Asset Management N.V. now owns 395,450 shares of the utilities provider’s stock worth $18,317,000 after buying an additional 36,100 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. SunTrust Banks reiterated a “hold” rating and issued a $45.00 price target on shares of CMS Energy in a research note on Monday, January 29th. Zacks Investment Research upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Wells Fargo & Co cut their price target on CMS Energy from $55.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. UBS Group assumed coverage on CMS Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $49.00 price target on the stock. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price target on shares of CMS Energy in a research note on Wednesday, December 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $48.54.
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CMS Energy 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.
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