Nicholson Wealth Management Group LLC Invests $1.16 Million in CMS Energy Co. (NYSE:CMS)

Nicholson Wealth Management Group LLC bought a new stake in shares of CMS Energy Co. (NYSE:CMS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,421 shares of the utilities provider’s stock, valued at approximately $1,160,000. CMS Energy accounts for about 1.0% of Nicholson Wealth Management Group LLC’s investment portfolio, making the stock its 27th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in shares of CMS Energy during the 4th quarter worth approximately $4,116,000. Silverleafe Capital Partners LLC acquired a new stake in CMS Energy during the first quarter valued at $302,000. Hennion & Walsh Asset Management Inc. increased its holdings in CMS Energy by 25.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,601 shares of the utilities provider’s stock valued at $821,000 after buying an additional 2,779 shares in the last quarter. Chatham Capital Group Inc. raised its position in shares of CMS Energy by 4.9% in the first quarter. Chatham Capital Group Inc. now owns 50,682 shares of the utilities provider’s stock worth $3,058,000 after acquiring an additional 2,347 shares during the period. Finally, LVW Advisors LLC purchased a new stake in shares of CMS Energy during the 1st quarter worth about $313,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Price Performance

CMS stock opened at $71.76 on Friday. CMS Energy Co. has a 1 year low of $53.38 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a market capitalization of $21.43 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. The business has a 50 day simple moving average of $69.32 and a 200-day simple moving average of $64.08.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the business earned $0.75 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. KeyCorp upped their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. BMO Capital Markets lifted their price target on shares of CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Barclays lifted their target price on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.85.

CMS Energy Company 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.