Norinchukin Bank The Grows Stock Position in CMS Energy Co. (NYSE:CMS)

Norinchukin Bank The raised its stake in CMS Energy Co. (NYSE:CMS) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,702 shares of the utilities provider’s stock after purchasing an additional 306 shares during the period. Norinchukin Bank The’s holdings in CMS Energy were worth $780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Smith Group Asset Management LLC purchased a new stake in CMS Energy during the 4th quarter worth about $333,000. Hennion & Walsh Asset Management Inc. boosted its holdings in CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock valued at $1,342,000 after purchasing an additional 5,662 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in CMS Energy by 0.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock valued at $5,103,000 after purchasing an additional 392 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of CMS Energy by 49.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock worth $1,787,000 after buying an additional 8,927 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in shares of CMS Energy by 2.7% in the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock valued at $11,377,000 after buying an additional 4,500 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the sale, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock valued at $789,532 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of recent research reports. Bank of America lifted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. BMO Capital Markets decreased their target price on shares of CMS Energy from $80.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday. UBS Group increased their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of “Hold” and an average price target of $75.73.

CMS Energy Trading Down 1.0 %

Shares of NYSE CMS opened at $72.17 on Tuesday. CMS Energy Co. has a 52-week low of $58.50 and a 52-week high of $76.45. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $21.56 billion, a P/E ratio of 21.74, a PEG ratio of 2.56 and a beta of 0.34. The stock’s 50 day moving average price is $72.40 and its two-hundred day moving average price is $69.56.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. The ex-dividend date is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.01%. CMS Energy’s dividend payout ratio (DPR) is presently 65.36%.

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.