CMS Energy (NYSE:CMS) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

CMS Energy Co. (NYSE:CMS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.64 and traded as high as $67.11. CMS Energy shares last traded at $66.65, with a volume of 1,086,627 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CMS shares. Barclays upped their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Wells Fargo & Company upped their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Finally, Morgan Stanley dropped their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.36.

CMS Energy Stock Performance

The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The stock has a market cap of $19.91 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.66 and a beta of 0.41. The company’s 50 day simple moving average is $68.14 and its 200 day simple moving average is $66.64.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 3.09%. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the transaction, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at $4,248,102.34. This represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now directly owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,686 shares of company stock worth $2,228,084. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its holdings in CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after buying an additional 3,473,977 shares during the period. Raymond James & Associates boosted its holdings in CMS Energy by 310.2% in the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after buying an additional 851,364 shares during the period. National Bank of Canada FI boosted its holdings in CMS Energy by 404.8% in the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock worth $63,053,000 after buying an additional 715,891 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock worth $39,978,000 after buying an additional 479,336 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in CMS Energy by 155.2% in the 2nd quarter. Renaissance Technologies LLC now owns 767,100 shares of the utilities provider’s stock worth $45,665,000 after buying an additional 466,500 shares during the period. 93.57% of the stock is owned by institutional investors.

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.