SG Americas Securities LLC Sells 76,819 Shares of CMS Energy Co. (NYSE:CMS)

SG Americas Securities LLC trimmed its holdings in shares of CMS Energy Co. (NYSE:CMS) by 50.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 76,346 shares of the utilities provider’s stock after selling 76,819 shares during the quarter. SG Americas Securities LLC’s holdings in CMS Energy were worth $5,088,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its stake in CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of CMS Energy during the 3rd quarter worth about $40,000. Covestor Ltd grew its stake in shares of CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after buying an additional 472 shares during the period. Values First Advisors Inc. bought a new stake in CMS Energy in the 3rd quarter valued at about $56,000. Finally, Voisard Asset Management Group Inc. raised its stake in CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares in the company, valued at $9,486,285.15. The trade was a 16.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,686 shares of company stock worth $2,228,084. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CMS shares. Guggenheim cut CMS Energy from a “buy” rating to a “neutral” rating in a research note on Thursday. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Friday. Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Barclays upped their target price on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on CMS Energy in a research note on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

CMS Energy Stock Down 0.2 %

CMS opened at $65.75 on Friday. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The company’s 50-day moving average price is $67.38 and its two-hundred day moving average price is $67.38. The stock has a market cap of $19.64 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.46 and a beta of 0.42. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. CMS Energy’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

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.