Brown Advisory Inc. Buys Shares of 13,426 CMS Energy Co. (CMS)
Brown Advisory Inc. bought a new stake in shares of CMS Energy Co. (NYSE:CMS) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 13,426 shares of the utilities provider’s stock, valued at approximately $634,000.
Other institutional investors have also made changes to their positions in the company. Dupont Capital Management Corp acquired a new stake in shares of CMS Energy during the first quarter valued at about $144,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of CMS Energy by 267.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,128 shares of the utilities provider’s stock valued at $148,000 after acquiring an additional 2,276 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of CMS Energy during the second quarter valued at about $156,000. IFP Advisors Inc grew its stake in shares of CMS Energy by 49.7% during the first quarter. IFP Advisors Inc now owns 4,217 shares of the utilities provider’s stock valued at $191,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Personal Capital Advisors Corp acquired a new stake in shares of CMS Energy during the first quarter valued at about $214,000. Institutional investors own 89.62% of the company’s stock.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded CMS Energy from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Thursday, June 14th. Morgan Stanley increased their price target on shares of CMS Energy from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. Argus raised shares of CMS Energy from a “hold” rating to a “buy” rating in a research report on Monday. KeyCorp increased their price target on shares of CMS Energy from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 30th. Finally, Howard Weil reaffirmed a “sector outperform” rating on shares of CMS Energy in a research report on Tuesday, July 24th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. CMS Energy presently has an average rating of “Buy” and an average target price of $49.80.
CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 26th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.07. CMS Energy had a net margin of 8.13% and a return on equity of 15.14%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company posted $0.33 earnings per share. CMS Energy’s revenue was up 3.0% on a year-over-year basis. analysts anticipate that CMS Energy Co. will post 2.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 3rd were issued a $0.3575 dividend. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $1.43 dividend on an annualized basis and a yield of 2.84%. CMS Energy’s dividend payout ratio is currently 65.90%.
In other CMS Energy news, Director Jon E. Barfield sold 2,861 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $48.45, for a total value of $138,615.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $48.77, for a total transaction of $48,770.00. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.
About CMS Energy
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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