SG Americas Securities LLC Raises Position in CMS Energy Co. (NYSE:CMS)

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SG Americas Securities LLC lifted its stake in shares of CMS Energy Co. (NYSE:CMS) by 45.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 98,375 shares of the utilities provider’s stock after buying an additional 30,628 shares during the quarter. SG Americas Securities LLC’s holdings in CMS Energy were worth $6,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. First Trust Advisors LP increased its stake in shares of CMS Energy by 9.5% during the 3rd quarter. First Trust Advisors LP now owns 863,452 shares of the utilities provider’s stock worth $55,218,000 after purchasing an additional 74,712 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of CMS Energy by 369.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 50,530 shares of the utilities provider’s stock worth $3,231,000 after purchasing an additional 39,767 shares during the last quarter. Huntington National Bank increased its stake in shares of CMS Energy by 5.1% during the 3rd quarter. Huntington National Bank now owns 9,743 shares of the utilities provider’s stock worth $623,000 after purchasing an additional 477 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of CMS Energy by 32.2% during the 3rd quarter. Parallel Advisors LLC now owns 759 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 185 shares during the last quarter. Finally, Hedeker Wealth LLC increased its stake in shares of CMS Energy by 6.2% during the 3rd quarter. Hedeker Wealth LLC now owns 72,421 shares of the utilities provider’s stock worth $4,631,000 after purchasing an additional 4,260 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

CMS Energy stock traded down $0.40 during mid-day trading on Friday, reaching $59.61. The company’s stock had a trading volume of 1,737,569 shares, compared to its average volume of 2,073,771. CMS Energy Co. has a 12-month low of $47.63 and a 12-month high of $65.31. The company has a market capitalization of $17.24 billion, a P/E ratio of 25.58, a PEG ratio of 3.80 and a beta of 0.07. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.74 and a current ratio of 1.06. The firm’s fifty day moving average price is $63.52 and its two-hundred day moving average price is $59.82.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 24th. The utilities provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. CMS Energy had a net margin of 9.03% and a return on equity of 12.80%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm earned $0.59 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, research analysts predict that CMS Energy Co. will post 2.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 1st will be issued a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, October 31st. CMS Energy’s payout ratio is 65.67%.

In other CMS Energy news, SVP Brandon J. Hofmeister sold 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $62.36, for a total value of $31,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian F. Rich sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $59.70, for a total transaction of $238,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,300 shares of company stock valued at $3,547,401. Insiders own 0.52% of the company’s stock.

CMS has been the subject of several research analyst reports. SunTrust Banks raised their price target on shares of CMS Energy from $62.00 to $63.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Zacks Investment Research lowered shares of CMS Energy from a “buy” rating to a “hold” rating and set a $67.00 price objective for the company. in a research note on Monday, September 23rd. Argus set a $66.00 price objective on shares of CMS Energy and gave the company a “buy” rating in a research note on Monday, August 12th. UBS Group lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CMS Energy from $72.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $61.21.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS).

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

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