Norinchukin Bank The grew its stake in CMS Energy Co. (NYSE:CMS) by 13.8% during the third quarter, HoldingsChannel.com reports. The firm owned 36,435 shares of the utilities provider’s stock after buying an additional 4,425 shares during the period. Norinchukin Bank The’s holdings in CMS Energy were worth $1,785,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Stratos Wealth Partners LTD. acquired a new stake in CMS Energy during the 3rd quarter worth $134,000. Bronfman E.L. Rothschild L.P. raised its stake in CMS Energy by 267.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,128 shares of the utilities provider’s stock worth $148,000 after buying an additional 2,276 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in CMS Energy during the 2nd quarter worth $156,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in CMS Energy during the 3rd quarter worth $221,000. Finally, MAI Capital Management acquired a new stake in CMS Energy during the 2nd quarter worth $229,000. 88.12% of the stock is currently owned by institutional investors.

Several brokerages recently commented on CMS. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 price objective on shares of CMS Energy in a research note on Wednesday, November 7th. Barclays raised their price objective on CMS Energy from $51.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday. Morgan Stanley dropped their price objective on CMS Energy from $51.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, September 21st. Citigroup raised their price objective on CMS Energy from $49.00 to $51.00 and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. Finally, Bank of America downgraded CMS Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $53.00 to $52.00 in a research note on Friday, October 12th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. CMS Energy currently has an average rating of “Hold” and a consensus target price of $51.50.

CMS stock opened at $50.79 on Thursday. The stock has a market cap of $14.66 billion and a price-to-earnings ratio of 23.41. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.69 and a quick ratio of 0.47. CMS Energy Co. has a 1 year low of $40.48 and a 1 year high of $52.25.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 25th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.53 billion. CMS Energy had a return on equity of 14.88% and a net margin of 8.00%. During the same quarter in the prior year, the company earned $0.62 EPS. As a group, sell-side analysts forecast that CMS Energy Co. will post 2.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 2nd will be issued a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, November 1st. CMS Energy’s dividend payout ratio (DPR) is presently 65.90%.

In other news, insider Brandon J. Hofmeister sold 500 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $51.88, for a total value of $25,940.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brian F. Rich sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $49.69, for a total value of $198,760.00. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

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CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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