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

Bryn Mawr Capital Management LLC boosted its holdings in CMS Energy Co. (NYSE:CMS) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,000 shares of the utilities provider’s stock after purchasing an additional 240 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in CMS Energy were worth $317,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 235 shares in the last quarter. Brooklyn Investment Group bought a new stake in CMS Energy in the third quarter worth approximately $40,000. Covestor Ltd increased its holdings in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of CMS Energy during the third quarter valued at approximately $56,000. 93.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction 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 owns 63,197 shares of the company’s stock, valued at approximately $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,950 shares of company stock valued at $2,669,620. Insiders own 0.40% of the company’s stock.

CMS Energy Trading Up 1.1 %

Shares of CMS Energy stock opened at $71.49 on Friday. The stock has a fifty day simple moving average of $67.14 and a 200 day simple moving average of $68.19. CMS Energy Co. has a 12-month low of $56.31 and a 12-month high of $72.40. The company has a market capitalization of $21.36 billion, a P/E ratio of 21.53, a price-to-earnings-growth 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 posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, sell-side analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be given a $0.5425 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 3.04%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is currently 65.36%.

Wall Street Analyst Weigh In

CMS has been the subject of several recent research reports. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Guggenheim restated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Morgan Stanley decreased their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective for the company. Finally, BMO Capital Markets decreased their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

CMS Energy Company Profile

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.