SG Americas Securities LLC Takes Position in CMS Energy Co. (CMS)

SG Americas Securities LLC bought a new stake in CMS Energy Co. (NYSE:CMS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,705 shares of the utilities provider’s stock, valued at approximately $1,376,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GWM Advisors LLC lifted its stake in CMS Energy by 4.3% in the fourth quarter. GWM Advisors LLC now owns 245,012 shares of the utilities provider’s stock valued at $12,165,000 after acquiring an additional 10,013 shares during the last quarter. Nordea Investment Management AB lifted its stake in CMS Energy by 36.0% in the third quarter. Nordea Investment Management AB now owns 15,335 shares of the utilities provider’s stock valued at $751,000 after acquiring an additional 4,060 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in CMS Energy by 289.8% in the third quarter. Thrivent Financial for Lutherans now owns 267,942 shares of the utilities provider’s stock valued at $13,129,000 after acquiring an additional 199,204 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in CMS Energy by 18.5% in the third quarter. The Manufacturers Life Insurance Company now owns 584,369 shares of the utilities provider’s stock valued at $28,634,000 after acquiring an additional 91,228 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new stake in CMS Energy in the third quarter valued at approximately $588,000. Hedge funds and other institutional investors own 93.32% of the company’s stock.

In related news, insider Brandon J. Hofmeister sold 500 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $51.88, for a total transaction of $25,940.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Catherine M. Reynolds sold 8,187 shares of the business’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $53.02, for a total transaction of $434,074.74. Following the transaction, the senior vice president now directly owns 129,389 shares in the company, valued at approximately $6,860,204.78. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

A number of analysts have issued reports on the stock. Scotiabank reiterated a “buy” rating and issued a $54.00 target price on shares of CMS Energy in a research note on Friday, December 14th. Zacks Investment Research cut shares of CMS Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, December 12th. ValuEngine upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Barclays lifted their price target on shares of CMS Energy from $51.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, November 19th. Finally, SunTrust Banks reissued a “hold” rating and issued a $55.00 price target on shares of CMS Energy in a research report on Tuesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.91.

NYSE:CMS opened at $52.77 on Friday. CMS Energy Co. has a 12 month low of $41.98 and a 12 month high of $53.82. The company has a market capitalization of $14.96 billion, a PE ratio of 22.65, a PEG ratio of 3.32 and a beta of 0.19. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.69 and a current ratio of 0.94.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.01). CMS Energy had a net margin of 9.56% and a return on equity of 13.93%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business earned $0.51 EPS. Analysts predict that CMS Energy Co. will post 2.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Friday, February 1st will be given a $0.3825 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.90%. CMS Energy’s dividend payout ratio (DPR) is currently 65.67%.

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

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