Dhenuvakonda Rao Venkat Sells 750 Shares of CMS Energy Co. (NYSE:CMS) Stock

Posted by Shane Hupp on Nov 8th, 2019

CMS Energy Co. (NYSE:CMS) SVP Dhenuvakonda Rao Venkat sold 750 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $62.74, for a total transaction of $47,055.00. Following the completion of the transaction, the senior vice president now owns 32,400 shares in the company, valued at $2,032,776. The transaction was disclosed in a filing with the SEC, which is available at this link.

Dhenuvakonda Rao Venkat also recently made the following trade(s):

On Friday, November 1st, Dhenuvakonda Rao Venkat sold 750 shares of CMS Energy stock. The shares were sold at an average price of $63.44, for a total transaction of $47,580.00.

NYSE CMS opened at $60.01 on Friday. The company has a 50-day moving average of $63.59 and a 200-day moving average of $59.79. The company has a market cap of $17.24 billion, a P/E ratio of 25.76, a P/E/G ratio of 3.80 and a beta of 0.07. CMS Energy Co. has a 12 month low of $47.63 and a 12 month high of $65.31. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.06 and a quick ratio of 0.74.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 24th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.65 billion. CMS Energy had a net margin of 9.03% and a return on equity of 12.80%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. As a group, equities research analysts anticipate that CMS Energy Co. will post 2.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 1st will be given a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, October 31st. CMS Energy’s dividend payout ratio (DPR) is presently 65.67%.

A number of research analysts have recently commented on CMS shares. JPMorgan Chase & Co. dropped their price objective on shares of CMS Energy from $72.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Zacks Investment Research downgraded shares of CMS Energy from a “buy” rating to a “hold” rating and set a $67.00 price objective for the company. in a research note on Monday, September 23rd. UBS Group upped their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Morgan Stanley upped their price objective on shares of CMS Energy from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Co upped their price objective on shares of CMS Energy from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.21.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ballentine Partners LLC acquired a new stake in CMS Energy during the 3rd quarter worth approximately $216,000. Exchange Capital Management Inc. increased its position in CMS Energy by 5.8% during the 2nd quarter. Exchange Capital Management Inc. now owns 73,409 shares of the utilities provider’s stock worth $4,251,000 after purchasing an additional 4,014 shares in the last quarter. Macquarie Group Ltd. increased its position in CMS Energy by 3.1% during the 2nd quarter. Macquarie Group Ltd. now owns 240,484 shares of the utilities provider’s stock worth $13,926,000 after purchasing an additional 7,250 shares in the last quarter. Aperio Group LLC increased its position in CMS Energy by 1.5% during the 2nd quarter. Aperio Group LLC now owns 157,389 shares of the utilities provider’s stock worth $9,114,000 after purchasing an additional 2,354 shares in the last quarter. Finally, Scout Investments Inc. increased its position in CMS Energy by 72.4% during the 2nd quarter. Scout Investments Inc. now owns 1,508,302 shares of the utilities provider’s stock worth $87,346,000 after purchasing an additional 633,549 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.