Nomura Asset Management Co. Ltd. Sells 14,785 Shares of CMS Energy Co. (CMS)
Nomura Asset Management Co. Ltd. decreased its stake in CMS Energy Co. (NYSE:CMS) by 17.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,773 shares of the utilities provider’s stock after selling 14,785 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in CMS Energy were worth $3,986,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in CMS Energy by 0.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 45,700 shares of the utilities provider’s stock worth $2,269,000 after purchasing an additional 196 shares during the period. Sigma Planning Corp raised its holdings in CMS Energy by 1.5% in the 1st quarter. Sigma Planning Corp now owns 13,465 shares of the utilities provider’s stock worth $748,000 after purchasing an additional 197 shares during the period. Signaturefd LLC raised its holdings in CMS Energy by 11.1% in the 1st quarter. Signaturefd LLC now owns 2,099 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 209 shares during the period. Virtus ETF Advisers LLC raised its holdings in CMS Energy by 1.7% in the 4th quarter. Virtus ETF Advisers LLC now owns 13,021 shares of the utilities provider’s stock worth $646,000 after purchasing an additional 214 shares during the period. Finally, Greenleaf Trust raised its holdings in CMS Energy by 4.5% in the 1st quarter. Greenleaf Trust now owns 5,016 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised CMS Energy from a “sell” rating to a “hold” rating and set a $59.00 price target for the company in a report on Wednesday. Morgan Stanley upped their price target on CMS Energy from $56.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, May 16th. Bank of America raised CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, April 11th. Credit Suisse Group set a $58.00 target price on CMS Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, SunTrust Banks reissued a “hold” rating and set a $56.00 target price on shares of CMS Energy in a report on Monday, February 25th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. CMS Energy has a consensus rating of “Buy” and an average target price of $55.15.
CMS stock opened at $56.11 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $15.82 billion, a PE ratio of 24.08, a P/E/G ratio of 3.50 and a beta of 0.18. CMS Energy Co. has a 1 year low of $42.52 and a 1 year high of $57.71.
CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.96 billion. CMS Energy had a net margin of 9.01% and a return on equity of 13.16%. CMS Energy’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.86 earnings per share. Equities research analysts predict that CMS Energy Co. will post 2.5 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 3rd were given a $0.3825 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.73%. CMS Energy’s dividend payout ratio (DPR) is presently 65.67%.
About CMS Energy
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.
Recommended Story: What is range trading?
Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS).
Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.