Nuveen Asset Management LLC Raises Holdings in CMS Energy Co. (NYSE:CMS)

Nuveen Asset Management LLC lifted its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,608,392 shares of the utilities provider's stock after acquiring an additional 34,896 shares during the period. Nuveen Asset Management LLC owned 0.54% of CMS Energy worth $107,199,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BankPlus Trust Department acquired a new stake in CMS Energy during the 4th quarter worth about $29,000. Richardson Financial Services Inc. boosted its position in CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after purchasing an additional 235 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares in the last quarter. Optiver Holding B.V. lifted its position in shares of CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after buying an additional 229 shares in the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in shares of CMS Energy during the fourth quarter valued at approximately $61,000. 93.57% of the stock is owned by institutional investors.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the sale, the senior vice president now owns 69,571 shares in the company, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laura Wright sold 2,500 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the sale, the director now owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. This represents a 6.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,698 shares of company stock worth $483,935 over the last ninety days. Corporate insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

CMS traded down $0.03 on Tuesday, hitting $71.94. 1,236,848 shares of the company's stock were exchanged, compared to its average volume of 2,308,075. The firm has a market cap of $21.52 billion, a PE ratio of 21.67, a P/E/G ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a twelve month low of $58.50 and a twelve month high of $76.45. The stock has a fifty day moving average of $72.64 and a two-hundred day moving average of $69.85. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The company's quarterly revenue was up 12.5% on a year-over-year basis. On average, research analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be given a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.02%. CMS Energy's dividend payout ratio (DPR) is currently 64.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CMS shares. Wells Fargo & Company upped their price target on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Jefferies Financial Group raised their price target on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Evercore ISI raised their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, April 28th. UBS Group raised their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Morgan Stanley set a $74.00 price objective on CMS Energy and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, CMS Energy has an average rating of "Moderate Buy" and an average price target of $77.25.

CMS Energy 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.