In a recent transaction on May 2nd, CMS Energy Corp's (NYSE:CMS) Senior Vice President, Rich Brian F, sold 2,000 shares of the company's common stock. The shares were sold at an average price of $61.1037, totaling over $122,000 in value.
This sale was disclosed in a legal filing with the Securities and Exchange Commission (SEC). Following the transaction, the senior executive now directly owns 97,682 shares in the company, which are valued at approximately $5.97 million at the current stock price.
The sale of shares by a company insider often draws attention from the investment community. CMS Energy, based in Jackson, Michigan, is a company that operates in the electric and other services combined sector, providing energy and related services in various parts of the country.
Investors and market watchers frequently monitor insider transactions as they can provide insights into how company executives perceive the value of their stock and potential future performance. However, it's important to note that insider transactions can occur for a variety of reasons and may not necessarily reflect a negative outlook.
CMS Energy's stock is publicly traded, and interested parties can track its performance on the New York Stock Exchange under the ticker symbol NYSE:CMS.
InvestingPro Insights
In light of the recent insider transaction at CMS Energy Corp (NYSE:CMS), investors may be keen to understand the company's broader financial landscape. According to real-time data from InvestingPro, CMS Energy boasts a stable market capitalization of $18.26 billion and a P/E ratio that suggests a reasonable valuation, standing at 18.69. The adjusted P/E ratio for the last twelve months as of Q1 2024 is slightly higher at 21.89, which could indicate the market's expectations for future earnings growth.
Moreover, CMS Energy has demonstrated a commitment to shareholder returns, as evidenced by its dividend track record. An InvestingPro Tip highlights that the company has raised its dividend for 17 consecutive years, which is a testament to its financial health and management's confidence in sustained profitability. Another encouraging sign for investors is the dividend yield, which as of the latest data, stands at 3.39%, coupled with a dividend growth rate of 5.64% over the last twelve months.
For those looking to delve deeper into CMS Energy's financials and future prospects, there are additional InvestingPro Tips available. For instance, the company's stock is noted for its low price volatility, and analysts have recently revised their earnings upwards for the upcoming period, which could signal potential upside. It's also worth noting that CMS Energy's liquid assets exceed its short-term obligations, providing financial flexibility and security.
To access a comprehensive set of InvestingPro Tips, which currently includes 8 additional insights for CMS Energy, investors can visit the InvestingPro platform. For those interested in a subscription, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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