Short Interest in CMS Energy Co. (NYSE:CMS) Declines By 13.4%

CMS Energy Co. (NYSE:CMS) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totalling 8,470,000 shares, a decline of 13.4% from the June 15th total of 9,780,000 shares. Based on an average daily volume of 2,340,000 shares, the short-interest ratio is presently 3.6 days.

Insider Buying and Selling at CMS Energy

In other news, Director Jon E. Barfield sold 2,360 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the transaction, the director now owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the transaction, the senior vice president now owns 68,330 shares in the company, valued at $4,098,433.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the transaction, the director now owns 14,556 shares of the company’s stock, valued at $884,859.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,027 shares of company stock valued at $365,651. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of CMS Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in CMS Energy by 36.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,261 shares of the utilities provider’s stock worth $1,385,000 after buying an additional 6,247 shares during the period. Czech National Bank lifted its position in shares of CMS Energy by 9.8% during the second quarter. Czech National Bank now owns 56,907 shares of the utilities provider’s stock worth $3,388,000 after acquiring an additional 5,100 shares in the last quarter. Mirador Capital Partners LP boosted its holdings in shares of CMS Energy by 5.2% in the second quarter. Mirador Capital Partners LP now owns 13,094 shares of the utilities provider’s stock worth $780,000 after acquiring an additional 653 shares during the period. SG Americas Securities LLC grew its position in shares of CMS Energy by 1,438.9% in the second quarter. SG Americas Securities LLC now owns 99,258 shares of the utilities provider’s stock valued at $5,909,000 after purchasing an additional 92,808 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of CMS Energy by 18.6% during the 2nd quarter. QRG Capital Management Inc. now owns 12,012 shares of the utilities provider’s stock valued at $715,000 after purchasing an additional 1,880 shares during the period. Institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 1.6 %

Shares of CMS stock opened at $61.27 on Wednesday. CMS Energy has a 12-month low of $49.87 and a 12-month high of $63.76. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The company has a 50 day moving average of $60.80 and a 200-day moving average of $59.28. The firm has a market cap of $18.30 billion, a P/E ratio of 18.68, a PEG ratio of 2.43 and a beta of 0.38.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the business posted $0.70 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. Sell-side analysts anticipate that CMS Energy will post 3.33 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a dividend of $0.515 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a yield of 3.36%. CMS Energy’s dividend payout ratio is presently 62.80%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group downgraded CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research note on Thursday, April 4th. Scotiabank decreased their price target on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. BMO Capital Markets raised their price objective on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. KeyCorp increased their target price on shares of CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Finally, Morgan Stanley reduced their price objective on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.20.

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.