CMS - CMS Energy Director Trades Company's Stock | Benzinga
A substantial insider sell was reported on June 10, by JON BARFIELD, Director at CMS Energy (NYSE:CMS), based on the recent SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday outlined that BARFIELD executed a sale of 2,360 shares of CMS Energy with a total value of $143,458.
CMS Energy shares are trading down 0.18% at $60.52 at the time of this writing on Monday morning.
About CMS Energy
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
CMS Energy's Financial Performance
Revenue Challenges: CMS Energy's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -4.73%. This indicates a decrease in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Utilities sector.
Key Insights into Profitability Metrics:
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Gross Margin: ...