Glenmede Trust Co. NA Purchases 27,528 Shares of CMS Energy Co. (NYSE:CMS)

Glenmede Trust Co. NA lifted its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 123.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,812 shares of the utilities provider's stock after buying an additional 27,528 shares during the period. Glenmede Trust Co. NA's holdings in CMS Energy were worth $3,518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in CMS Energy by 79.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 731,887 shares of the utilities provider's stock worth $43,569,000 after purchasing an additional 325,101 shares during the period. Cetera Investment Advisers grew its stake in shares of CMS Energy by 325.4% in the first quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider's stock worth $1,582,000 after purchasing an additional 20,056 shares during the last quarter. Quest Partners LLC increased its holdings in CMS Energy by 130,804.3% during the 2nd quarter. Quest Partners LLC now owns 30,108 shares of the utilities provider's stock valued at $1,792,000 after purchasing an additional 30,085 shares during the period. Mizuho Securities USA LLC raised its position in CMS Energy by 992.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider's stock valued at $18,075,000 after purchasing an additional 228,501 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in CMS Energy by 10.4% in 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. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

CMS has been the subject of several research analyst reports. Bank of America raised their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Wells Fargo & Company lifted their price target on CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. 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. BMO Capital Markets dropped their target price on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Finally, Jefferies Financial Group initiated coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, CMS Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.21.

CMS Energy Stock Down 1.1 %

NYSE CMS traded down $0.78 during mid-day trading on Friday, reaching $69.71. The stock had a trading volume of 1,354,050 shares, compared to its average volume of 2,342,751. The stock has a market cap of $20.83 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.78 and a beta of 0.41. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The company has a fifty day moving average price of $69.74 and a 200 day moving average price of $65.76.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company's revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's payout ratio is 58.86%.

Insider Buying and Selling

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares of the company's stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares of the company's stock, valued at approximately $4,415,439.07. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate 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.