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

Nomura Asset Management Co. Ltd. raised its holdings in shares of CMS Energy Co. (NYSE:CMS) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,803 shares of the utilities provider’s stock after buying 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Pallas Capital Advisors LLC grew its position in CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after acquiring an additional 173 shares during the last quarter. Mather Group LLC. boosted its stake in shares of CMS Energy by 5.8% during the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider’s stock valued at $266,000 after purchasing an additional 220 shares during the period. Signaturefd LLC increased its stake in shares of CMS Energy by 4.9% in the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock worth $317,000 after buying an additional 220 shares during the period. Stephens Consulting LLC raised its holdings in CMS Energy by 5.5% during the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider’s stock valued at $288,000 after buying an additional 225 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its holdings in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after buying an additional 235 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Insider Buying and Selling at CMS Energy

In other 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 completion of the sale, the chief accounting officer now 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 legal filing with the SEC, which is available at this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,200 shares of company stock worth $789,532. Company insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE CMS opened at $75.20 on Tuesday. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $75.55. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.56 and a beta of 0.35. The company has a 50 day simple moving average of $70.61 and a two-hundred day simple moving average of $69.31.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a $0.5425 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 2.89%. CMS Energy’s payout ratio is 65.36%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group boosted their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $68.00 to $75.00 in a report on Thursday, February 20th. BMO Capital Markets lifted their price objective on CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, Scotiabank lifted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average price target of $75.36.

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.