Nicholson Wealth Management Group LLC Acquires New Shares in CMS Energy Co. (NYSE:CMS)

Nicholson Wealth Management Group LLC purchased a new stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,421 shares of the utilities provider's stock, valued at approximately $1,160,000. CMS Energy comprises approximately 1.0% of Nicholson Wealth Management Group LLC's investment portfolio, making the stock its 27th largest holding.

A number of other institutional investors also recently modified their holdings of the company. TruNorth Capital Management LLC increased its position in CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider's stock worth $42,000 after buying an additional 578 shares during the period. Headlands Technologies LLC acquired a new stake in CMS Energy during the first quarter worth about $43,000. Innealta Capital LLC acquired a new stake in CMS Energy during the second quarter worth about $43,000. Values First Advisors Inc. acquired a new position in CMS Energy in the 3rd quarter valued at approximately $56,000. Finally, Tobam grew its holdings in shares of CMS Energy by 31.7% during the 3rd quarter. Tobam now owns 868 shares of the utilities provider's stock worth $61,000 after purchasing an additional 209 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of CMS Energy stock traded down $1.00 during midday trading on Friday, reaching $70.77. The company had a trading volume of 1,475,606 shares, compared to its average volume of 2,262,915. The stock has a fifty day simple moving average of $69.43 and a 200 day simple moving average of $64.13. CMS Energy Co. has a 1-year low of $53.53 and a 1-year high of $72.40. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. As a group, equities research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. This is a boost from CMS Energy's previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy's payout ratio is currently 62.80%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMS. Scotiabank increased their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. KeyCorp raised their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. BMO Capital Markets upped their price objective on CMS Energy from $69.00 to $76.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Guggenheim raised their target price on CMS Energy from $66.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a research report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, CMS Energy presently has a consensus rating of "Moderate Buy" and an average price target of $69.85.

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.