CMS Energy (NYSE:CMS) Shares Cross Above 200 Day Moving Average – Time to Sell?

CMS Energy Co. (NYSE:CMS)’s share price passed 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.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CMS shares. BMO Capital Markets decreased their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Scotiabank lifted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Barclays lifted their price target on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.36.

CMS Energy Trading Up 0.0 %

The business’s 50 day simple moving average is $68.14 and its two-hundred day simple moving average is $66.64. The stock has a market cap of $19.91 billion, a P/E ratio of 19.04, a PEG ratio of 2.66 and a beta of 0.41. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations 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 was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. As a group, analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s payout ratio is presently 58.86%.

Insider Buying and Selling

In related news, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the sale, the senior vice president now directly owns 63,197 shares in the company, valued at approximately $4,248,102.34. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,686 shares of company stock valued at $2,228,084 over the last 90 days. 0.40% of the stock is owned by insiders.

Institutional Trading of CMS Energy

Several institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in shares of CMS Energy by 7.6% in the third quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider’s stock worth $28,840,000 after purchasing an additional 28,695 shares during the last quarter. Tidal Investments LLC boosted its position in CMS Energy by 17.6% during the third quarter. Tidal Investments LLC now owns 19,780 shares of the utilities provider’s stock valued at $1,397,000 after acquiring an additional 2,965 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in CMS Energy during the third quarter valued at $589,000. World Investment Advisors LLC bought a new stake in CMS Energy during the third quarter valued at $248,000. Finally, Sanctuary Advisors LLC boosted its position in CMS Energy by 34.6% during the third quarter. Sanctuary Advisors LLC now owns 34,904 shares of the utilities provider’s stock valued at $2,427,000 after acquiring an additional 8,975 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Company Profile

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.