CMS Energy Co. (NYSE:CMS) Shares Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its stake in shares of CMS Energy Co. (NYSE:CMS) by 548.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,664 shares of the utilities provider’s stock after acquiring an additional 2,253 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in CMS Energy were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CMS. Cerity Partners LLC lifted its holdings in CMS Energy by 35.5% in the 3rd quarter. Cerity Partners LLC now owns 26,566 shares of the utilities provider’s stock valued at $1,876,000 after purchasing an additional 6,959 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of CMS Energy by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 189,442 shares of the utilities provider’s stock valued at $13,380,000 after buying an additional 2,331 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CMS Energy by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,560 shares of the utilities provider’s stock worth $5,054,000 after acquiring an additional 1,852 shares during the last quarter. Public Sector Pension Investment Board grew its stake in CMS Energy by 3.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 52,185 shares of the utilities provider’s stock worth $3,686,000 after acquiring an additional 1,500 shares during the period. Finally, Walleye Capital LLC acquired a new position in CMS Energy in the 3rd quarter valued at $561,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Up 1.4 %

Shares of NYSE:CMS opened at $75.20 on Tuesday. The company has a 50 day moving average of $70.61 and a two-hundred day moving average of $69.31. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.55. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, analysts forecast 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 was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio (DPR) is 65.36%.

Analyst Upgrades and Downgrades

CMS has been the subject of several analyst reports. Guggenheim reiterated a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Scotiabank boosted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Bank of America boosted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, March 24th. BMO Capital Markets lifted their target price on CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, March 24th. Finally, Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.36.

Insiders Place Their Bets

In other news, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction 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. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock worth $789,532 in the last three months. 0.40% of the stock is owned by insiders.

CMS Energy 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.