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In a recent filing with the Securities and Exchange Commission, CMS Energy Corp (NYSE:CMS), a utility company with a market capitalization of $20.6 billion and known for its low price volatility according to InvestingPro data, disclosed that its Vice President, Controller, and Chief Accounting Officer, Scott B. McIntosh, sold a significant portion of his holdings. On February 13, McIntosh sold 6,700 shares of common stock at a price of $69.76 per share, amounting to a total transaction value of $467,392. Following this transaction, McIntosh retains ownership of 21,643 shares in the company. This move comes as part of routine insider trading activities, with no indication of any broader strategic changes at CMS Energy, which has maintained dividend payments for 19 consecutive years and currently offers a 3.1% dividend yield. For deeper insights into CMS Energy's valuation and comprehensive analysis, including additional ProTips and detailed financial metrics, investors can access the full research report on InvestingPro.
In other recent news, CMS Energy has unveiled several significant developments. The company has increased its quarterly dividend rate from 51.50 cents to 54.25 cents per share, translating to an annualized yield of approximately 3.2 percent for investors. This decision, as stated by CMS Energy's President and CEO Garrick Rochow, reflects the firm's commitment to its strategic objectives.
In addition to this, CMS Energy reported fourth quarter earnings that matched analyst predictions, although revenue fell slightly below estimates. The adjusted earnings per share for the fourth quarter were reported at $0.87, with a revenue of $1.99 billion.
The company also raised its adjusted earnings guidance for fiscal year 2025, from a range of $3.52 to $3.58 per share to $3.54 to $3.60 per share. This new guidance range's midpoint is marginally above the analyst consensus of $3.59 per share. These are among the recent developments for CMS Energy.
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