CMS Energy Co. (NYSE:CMS) Director Jon E. Barfield Sells 8,390 Shares

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CMS Energy Co. (NYSE:CMS) Director Jon E. Barfield sold 8,390 shares of CMS Energy stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $60.75, for a total value of $509,692.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NYSE:CMS traded up $0.02 during mid-day trading on Friday, reaching $60.78. The stock had a trading volume of 671,830 shares, compared to its average volume of 2,081,675. The firm has a 50 day moving average price of $63.18 and a two-hundred day moving average price of $59.97. The stock has a market capitalization of $16.91 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.73 and a beta of 0.07. CMS Energy Co. has a one year low of $47.63 and a one year high of $65.31. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.74 and a current ratio of 1.06.

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

The company 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 $0.3825 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.53 dividend on an annualized basis and a yield of 2.52%. CMS Energy’s payout ratio is 65.67%.

A number of large investors have recently added to or reduced their stakes in CMS. Advisors Preferred LLC bought a new stake in CMS Energy in the 2nd quarter worth approximately $25,000. Krane Funds Advisors LLC bought a new stake in CMS Energy in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in CMS Energy in the 2nd quarter worth approximately $26,000. Lenox Wealth Advisors LLC bought a new stake in CMS Energy in the 3rd quarter worth approximately $26,000. Finally, Advisory Services Network LLC bought a new stake in CMS Energy in the second quarter valued at approximately $43,000. Institutional investors own 92.38% of the company’s stock.

Several equities research analysts recently weighed in on CMS shares. Argus set a $66.00 price objective on CMS Energy and gave the stock a “buy” rating in a report on Monday, August 12th. UBS Group lifted their price objective on CMS Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. JPMorgan Chase & Co. decreased their price objective on CMS Energy from $72.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Wells Fargo & Co lifted their price objective on CMS Energy from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Finally, SunTrust Banks lifted their price objective on CMS Energy from $62.00 to $63.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CMS Energy presently has an average rating of “Hold” and an average price target of $61.21.

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.

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Insider Buying and Selling by Quarter for CMS Energy (NYSE:CMS)

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