Insider Selling: Johnson Shaun M, CMS Energy Corporation [CMS] SVP and General Counsel divested 736 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CMS Energy Corporation shares valued at $49,880 were sold by Johnson Shaun M on Jun 10. At $67.77 per share, Johnson Shaun M sold 736 shares. The insider’s holdings dropped to 44,543 shares worth approximately $2.94 million following the completion of this transaction.


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Also, BARFIELD JON E sold 1,267 shares, netting a total of over 87,976 in proceeds. Following the sale of shares at $69.44 each, the insider now holds 13,620 shares.

Before that, McIntosh Scott B had sold 703 shares from its account. In a trade valued at $49,816, the VP, Controller, CAO traded CMS Energy Corporation shares for $70.86 each. Upon closing the transaction, the insider’s holdings decreased to 703 shares, worth approximately $1.56 million.

As published in their initiating research note from Credit Suisse on April 26, 2022, CMS Energy Corporation [CMS] has been a Neutral and the price target has been revised to $76. This represents a 13.29% premium over Wednesday’s closing price. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid April. As of April 07, 2022, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for CMS. Earlier on December 17, 2021, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for CMS stock which previously was a “a Buy”.

Analyzing CMS’s Price Performance

On Wednesday, CMS Energy Corporation [NYSE: CMS] plunged -1.27% to $65.90. The stock’s lowest price that day was $65.90, but it reached a high of $67.79 in the same session. During the last five days, there has been a drop of approximately -4.06%. Over the course of the year, CMS Energy Corporation shares have jumped approximately 1.31%. Shares of the company reached a 52-week high of $73.76 on 04/21/22 and a 52-week low of $60.38 on 06/17/22. A 50-day SMA is recorded $68.02, while a 200-day SMA reached $66.91. Nevertheless, trading volume fell to 1.43 million shares from 1.89 million shares the previous day.

Support And Resistance Levels for CMS Energy Corporation (CMS)

According to the 24-hour chart, there is a support level at 65.27, which, if violated, would cause prices to drop to 64.64. In the upper region, resistance lies at 67.16. The next price resistance is at 68.42. RSI (Relative Strength Index) is 38.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.38, which suggests the price will decrease in the coming days. Percent R is at 99.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is CMS Energy Corporation subject to short interest?

Stocks of CMS Energy Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.52 million shares to 4.7 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.18 million shares. A jump of 11.06% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.39 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.39.

Which companies own the most shares of CMS Energy Corporation (CMS)?

According to The Vanguard Group, Inc. filings, the company currently owns 35,359,567 shares, which is about 12.19% of the total CMS shares outstanding. The investor’s shares have appreciated by 664,570 from its previous 13-F filing of 34694997.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,331,191,855. SSgA Funds Management, Inc. acquire a 2.70% interest valued at $1.13 billion while JPMorgan Investment Management, I purchased a 283,538 stake. A total of -4,990,345 shares of CMS Energy Corporation were bought by T. Rowe Price Associates, Inc. during the quarter, and -463,198 were sold by Capital Research & Management Co. In its current portfolio, Capital Research & Management Co holds 6,178,333 shares valued at $417.28 million.

In terms of CMS Energy Corporation share price expectations, FactSet research, analysts set an average price target of $73.20 in the next 12 months, up nearly 7.87% from the previous closing price of $66.75. Analysts anticipate CMS Energy Corporation stock to reach $81.00 by 2022, with the lowest price target being $69.00. In spite of this, 20 analysts ranked CMS Energy Corporation stock as a Hold at the end of 2022. On July 20, 2021, KeyBanc Capital Markets assigned a price target of “an Overweight” to the stock and upgraded coverage with a $67.

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