CMS Energy Co. (NYSE:CMS) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in CMS Energy Co. (NYSE:CMS) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,969 shares of the utilities provider’s stock after buying an additional 837 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in CMS Energy were worth $6,213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC raised its stake in CMS Energy by 13.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 27,540 shares of the utilities provider’s stock worth $1,945,000 after acquiring an additional 3,347 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of CMS Energy in the third quarter valued at about $437,000. National Bank of Canada FI raised its stake in shares of CMS Energy by 404.8% in the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock worth $63,053,000 after purchasing an additional 715,891 shares during the last quarter. Brookfield Corp ON lifted its holdings in shares of CMS Energy by 0.6% during the third quarter. Brookfield Corp ON now owns 1,199,811 shares of the utilities provider’s stock worth $84,743,000 after purchasing an additional 7,142 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its holdings in CMS Energy by 26.2% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,011 shares of the utilities provider’s stock worth $990,000 after buying an additional 2,913 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the transaction, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

CMS Energy Trading Up 0.3 %

Shares of CMS Energy stock opened at $67.05 on Friday. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The firm’s 50-day moving average price is $69.29 and its 200 day moving average price is $66.05. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $20.03 billion, a PE ratio of 19.16, a P/E/G ratio of 2.68 and a beta of 0.41.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.515 dividend. The ex-dividend date was Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.07%. CMS Energy’s dividend payout ratio is 58.86%.

Analyst Ratings Changes

Several analysts have commented on CMS shares. BMO Capital Markets decreased their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Scotiabank upped 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. Bank of America lifted their price objective on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, Morgan Stanley decreased their price target 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.36.

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.