Daiwa Securities Group Inc. Purchases 4,271 Shares of CMS Energy Co. (NYSE:CMS)

Daiwa Securities Group Inc. grew its position in CMS Energy Co. (NYSE:CMS) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,887 shares of the utilities provider’s stock after purchasing an additional 4,271 shares during the period. Daiwa Securities Group Inc.’s holdings in CMS Energy were worth $3,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its stake in shares of CMS Energy by 40.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,465 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 2,165 shares in the last quarter. Tidal Investments LLC increased its stake in CMS Energy by 86.4% in the 1st quarter. Tidal Investments LLC now owns 16,606 shares of the utilities provider’s stock valued at $1,002,000 after buying an additional 7,696 shares during the last quarter. Beck Bode LLC lifted its position in CMS Energy by 37.5% during the 1st quarter. Beck Bode LLC now owns 19,823 shares of the utilities provider’s stock worth $1,196,000 after buying an additional 5,411 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of CMS Energy by 325.4% during the 1st quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider’s stock worth $1,582,000 after buying an additional 20,056 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of CMS Energy by 46.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock valued at $79,275,000 after acquiring an additional 421,059 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the 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 in the company, valued at $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. 0.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on CMS. Wells Fargo & Company upped their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Morgan Stanley lowered their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, BMO Capital Markets lowered their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.21.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $70.49 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 2.78 and a beta of 0.41. The stock’s fifty day moving average price is $69.71 and its two-hundred day moving average price is $65.65. CMS Energy Co. has a one year low of $55.10 and a one year high of $72.40.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company posted $0.61 earnings per share. CMS Energy’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The firm 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.92%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy’s payout ratio is presently 58.86%.

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.