Resona Asset Management Co. Ltd. Takes $6.90 Million Position in CMS Energy Co. (NYSE:CMS)

Resona Asset Management Co. Ltd. acquired a new stake in CMS Energy Co. (NYSE:CMS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 103,493 shares of the utilities provider's stock, valued at approximately $6,903,000.

Several other hedge funds have also recently bought and sold shares of the company. Smith Group Asset Management LLC acquired a new stake in shares of CMS Energy in the fourth quarter valued at approximately $333,000. Hennion & Walsh Asset Management Inc. increased its position in CMS Energy by 39.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock valued at $1,342,000 after acquiring an additional 5,662 shares during the period. Commonwealth Equity Services LLC raised its stake in CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock valued at $5,103,000 after acquiring an additional 392 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in CMS Energy by 49.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock valued at $1,787,000 after acquiring an additional 8,927 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its position in CMS Energy by 2.7% during the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider's stock worth $11,377,000 after acquiring an additional 4,500 shares during the period. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Price Performance

Shares of NYSE:CMS traded up $0.21 on Friday, reaching $71.76. 3,467,120 shares of the company traded hands, compared to its average volume of 2,271,739. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The stock has a market capitalization of $21.44 billion, a PE ratio of 21.61, a P/E/G ratio of 2.56 and a beta of 0.34. The company's 50 day moving average is $71.91 and its 200-day moving average is $69.49. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $76.45.

Remove Ads

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating 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%. As a group, analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were given a $0.5425 dividend. This is an increase from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy's dividend payout ratio (DPR) is 65.36%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Guggenheim reissued a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Thursday. UBS Group upped their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. BMO Capital Markets raised their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. Finally, Bank of America boosted their target price on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $75.36.

Insider Activity

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was 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 directly owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. This trade represents a 6.05 % 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 over the last 90 days. 0.40% of the stock is owned by company insiders.

About CMS Energy

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.