Bryn Mawr Capital Management LLC Purchases 240 Shares of CMS Energy Co. (NYSE:CMS)

Bryn Mawr Capital Management LLC grew its position in shares of CMS Energy Co. (NYSE:CMS) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the utilities provider’s stock after buying an additional 240 shares during the period. Bryn Mawr Capital Management LLC’s holdings in CMS Energy were worth $317,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after buying an additional 719,093 shares during the period. Geode Capital Management LLC increased its position in shares of CMS Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock worth $528,713,000 after purchasing an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of CMS Energy by 0.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after purchasing an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of CMS Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock worth $128,715,000 after purchasing an additional 25,196 shares during the period. Finally, Truist Financial Corp increased its position in shares of CMS Energy by 10.0% in the fourth quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider’s stock worth $108,077,000 after purchasing an additional 147,540 shares during the period. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS stock opened at $71.49 on Friday. The business’s 50-day moving average price is $67.14 and its 200-day moving average price is $68.19. CMS Energy Co. has a 12 month low of $56.31 and a 12 month high of $72.40. The firm has a market capitalization of $21.36 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.54 and a beta of 0.42. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Equities research analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 17th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.04%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is presently 65.36%.

Analyst Ratings Changes

A number of brokerages recently commented on CMS. BMO Capital Markets decreased their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Scotiabank raised their price target on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley decreased their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group began coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target on the stock. Finally, Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $68.00 to $75.00 in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.69.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the transaction, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares in the company, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,950 shares of company stock valued at $2,669,620. 0.40% of the stock is currently owned by corporate insiders.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.