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

Daiwa Securities Group Inc. raised its stake in CMS Energy Co. (NYSE:CMS) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,887 shares of the utilities provider’s stock after acquiring an additional 4,271 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CMS Energy were worth $3,594,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CMS. Massachusetts Financial Services Co. MA lifted its stake in CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares during the last quarter. Raymond James & Associates grew its position in CMS Energy by 310.2% during the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after acquiring an additional 851,364 shares during the last quarter. iA Global Asset Management Inc. grew its position in CMS Energy by 105.9% during the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after acquiring an additional 800,344 shares during the last quarter. Railway Pension Investments Ltd bought a new position in CMS Energy in the second quarter valued at about $47,082,000. Finally, Renaissance Technologies LLC raised its position in CMS Energy by 155.2% in the second quarter. Renaissance Technologies LLC now owns 767,100 shares of the utilities provider’s stock valued at $45,665,000 after purchasing an additional 466,500 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 0.1 %

CMS Energy stock opened at $70.49 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $21.06 billion, a PE ratio of 20.14, a PEG ratio of 2.78 and a beta of 0.41. The firm’s fifty day moving average is $69.71 and its 200 day moving average is $65.65. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. As a group, sell-side analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.515 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 2.92%. CMS Energy’s payout ratio is currently 58.86%.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. This represents a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMS. Scotiabank upped their price objective on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets dropped their price target 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. StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Morgan Stanley lowered their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Bank of America upped their price target on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.21.

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.