CMS Energy Insiders Sell US$2.1m Of Stock, Possibly Signalling Caution
CMS Energy Insiders Sell US$2.1m Of Stock, Possibly Signalling Caution
Many CMS Energy Corporation (NYSE:CMS) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, if numerous insiders are selling, shareholders should investigate more.
過去一年裏，許多CMS能源公司（紐交所：CMS）的內部人士拋售了他們的股票，這可能對公司的股東產生興趣。在評估內部交易時，了解內部人士是否在購買通常更有幫助，因爲內部人士的賣方行爲可能有多種解釋。但是，如果許多內部人員在出售，股東應進一步調查。
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
儘管在長期投資中內部交易並不是最重要的事情，但從邏輯上講，您應該關注內部人員是否買入或出售股票。
CMS Energy Insider Transactions Over The Last Year
過去一年中，CMS能源的內部交易情況
The Independent Chairman of the Board, John Russell, made the biggest insider sale in the last 12 months. That single transaction was for US$1.1m worth of shares at a price of US$55.59 each. That means that an insider was selling shares at slightly below the current price (US$59.65). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 10% of John Russell's holding.
董事會獨立主席約翰•羅素在過去12個月中進行了最大規模的內部交易。 這筆單一交易價值1.1美元，每股價格爲55.59美元。這意味着內部人員以略低於當前價格（59.65美元）的價格拋售股票。如果內部人員一直在拋售股票，這通常被認爲是負面的。尤其是如果他們以低於當前價格的價格拋售，這表明他們認爲更低的價格是合理的。雖然內部人員出售股票並不是一個積極的跡象，但也不能確定這是否意味着內部人員認爲股票已經充分價值，所以這只是一個弱信號。我們注意到，最大的單筆銷售僅佔約翰•羅素持有股份的10％。
Insiders in CMS Energy didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
CMS能源的內部人員在過去一年中沒有購買過股票。 您可以在下面看到公司和個人在過去12個月內的內部交易的視覺描述。 如果您想知道確切的賣方，出售數量和時間，請單擊下面的圖表！
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
對於那些喜歡發現潛力股票的人，可以免費查看最新內部交易股票的小盤公司名單，這可能正是您要找的機會。
Insiders At CMS Energy Have Sold Stock Recently
最近，CMS能源的內部人員已經拋售了其股票
The last three months saw significant insider selling at CMS Energy. Specifically, insiders ditched US$266k worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.
過去三個月，CMS能源的內部人員大量拋售了股票。具體而言，內部人員在此期間拋售了價值266,000美元的股票，而我們沒有記錄到任何購買。總的來說，這使我們有點謹慎，但這並不是所有的決定因素。
Insider Ownership
內部人員持股情況
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.5% of CMS Energy shares, worth about US$94m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
查看企業內部人員持股情況可以了解他們是否與普通股東保持了良好的一致性。如果內部人員在公司中擁有大量股份，這是一個很好的跡象。內部人員擁有CMS Energy的0.5％股份，價值約9400萬美元。內部股東持股不高，但也不算低。這當然表明了一定程度的一致性。
So What Do The CMS Energy Insider Transactions Indicate?
CMS能源內部交易指示說明什麼？
Insiders sold CMS Energy shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But since CMS Energy is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 3 warning signs for CMS Energy (of which 1 is potentially serious!) you should know about.
內部人員最近出售了CMS能源的股票，但他們沒有購買任何股票。即使我們回顧過去一年，也沒有看到任何購買行爲。但是由於CMS能源在獲利和增長，我們對此並不太擔心。內部股東的股份不是特別高，因此該分析使我們對該公司感到謹慎。在買入之前，我們會謹慎一些。了解股東所有權和交易情況很好，但在做出任何投資決策之前，我們還將考慮對股票面臨的風險進行分析。每個公司都有風險，我們已經發現了CMS能源的三個風險警告（其中一個可能是嚴重問題），您應該了解。
Of course CMS Energy may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
當然，CMS能源可能不是最好的購買股票。因此，您可能希望查看這個高質量公司的免費收藏。
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
對於本文而言，內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置，但不包括衍生交易或間接利益。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。