A Director at CMS Energy (NYSE: CMS) is Selling Shares

By Carrie Williams

Today, a Director at CMS Energy (CMSResearch Report), John G. Russell, sold shares of CMS for $929.9K.

Following John G. Russell’s last CMS Sell transaction on May 22, 2013, the stock climbed by 32.0%.

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Based on CMS Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.06 billion and quarterly net profit of $213 million. In comparison, last year the company earned revenue of $1.95 billion and had a net profit of $241 million. CMS’s market cap is $15.74B and the company has a P/E ratio of 25.06. Currently, CMS Energy has an average volume of 1.89M.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $56.63, reflecting a 3.0% upside.

The insider sentiment on CMS Energy has been negative according to 66 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity.