Brasada Capital Management LP Has $7.97 Million Position in CMS Energy Co. (NYSE:CMS)

Brasada Capital Management LP boosted its stake in CMS Energy Co. (NYSE:CMS) by 1.3% in the second quarter, HoldingsChannel reports. The firm owned 131,303 shares of the utilities provider’s stock after buying an additional 1,703 shares during the period. CMS Energy makes up about 1.4% of Brasada Capital Management LP’s portfolio, making the stock its 20th largest position. Brasada Capital Management LP’s holdings in CMS Energy were worth $7,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its position in shares of CMS Energy by 30.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 185 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in shares of CMS Energy by 0.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock valued at $1,228,000 after purchasing an additional 192 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of CMS Energy by 9.6% during the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 205 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in CMS Energy by 6.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 236 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of CMS Energy by 19.8% during the 4th quarter. Parallel Advisors LLC now owns 1,458 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 241 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMS. Guggenheim upped their price target on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Evercore ISI raised shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. Scotiabank boosted their target price on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Barclays raised their price objective on shares of CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company raised their target price on shares of CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.33.

CMS Energy Stock Up 0.6 %

Shares of NYSE CMS opened at $69.54 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $69.69. The firm’s fifty day moving average is $64.58 and its 200 day moving average is $61.63. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.71 and a beta of 0.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. On average, equities research analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Friday, August 2nd. CMS Energy’s payout ratio is currently 62.80%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the sale, the senior vice president now owns 68,330 shares of the company’s stock, valued at $4,098,433.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.40% of the company’s stock.

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.