Nomura Asset Management Co. Ltd. Acquires 8,834 Shares of CMS Energy Co. (NYSE:CMS)

Nomura Asset Management Co. Ltd. boosted its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 10.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,803 shares of the utilities provider's stock after purchasing an additional 8,834 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in CMS Energy were worth $6,452,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BankPlus Trust Department purchased a new stake in shares of CMS Energy during the 4th quarter worth about $29,000. Richardson Financial Services Inc. raised its position in CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 235 shares in the last quarter. Larson Financial Group LLC lifted its stake in CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 696 shares during the last quarter. Robbins Farley bought a new stake in CMS Energy in the fourth quarter worth approximately $62,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of CMS Energy during the 4th quarter worth $73,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CMS shares. Bank of America upped their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Guggenheim reissued a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. StockNews.com downgraded CMS Energy from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, BMO Capital Markets boosted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $75.36.

Remove Ads

Insider Transactions at CMS Energy

In other CMS Energy news, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,200 shares of company stock valued at $789,532. Company insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

Shares of NYSE:CMS traded down $2.70 on Friday, hitting $72.81. 4,394,563 shares of the company were exchanged, compared to its average volume of 2,237,564. The company's 50 day moving average price is $71.24 and its two-hundred day moving average price is $69.43. The firm has a market capitalization of $21.76 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy Co. has a one year low of $56.61 and a one year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (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%. Research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a $0.5425 dividend. This is a boost from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.98%. CMS Energy's dividend payout ratio is currently 65.36%.

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.