CMS Energy Co. (NYSE:CMS) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in shares of CMS Energy Co. (NYSE:CMS) by 23.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,819 shares of the utilities provider’s stock after acquiring an additional 5,740 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CMS Energy were worth $1,731,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Headinvest LLC acquired a new position in CMS Energy during the 3rd quarter worth $26,000. Compagnie Lombard Odier SCmA acquired a new position in CMS Energy during the 3rd quarter worth $36,000. Tobam boosted its position in CMS Energy by 2,432.3% during the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 754 shares during the period. CVA Family Office LLC acquired a new position in CMS Energy during the 4th quarter worth $47,000. Finally, Quent Capital LLC boosted its position in CMS Energy by 63.8% during the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 323 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Up 0.7 %

Shares of CMS Energy stock opened at $60.00 on Tuesday. The stock’s fifty day moving average is $58.50 and its 200-day moving average is $57.29. The firm has a market capitalization of $17.92 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.31 and a beta of 0.38. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.01. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.62 billion. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. CMS Energy’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share. Equities analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.43%. CMS Energy’s dividend payout ratio (DPR) is currently 68.44%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CMS shares. BMO Capital Markets boosted their price target on CMS Energy from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Scotiabank dropped their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Seaport Res Ptn downgraded CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Wolfe Research raised CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

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.