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

SG Americas Securities LLC lowered its holdings in shares of CMS Energy Co. (NYSE:CMS) by 50.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 76,346 shares of the utilities provider’s stock after selling 76,819 shares during the period. SG Americas Securities LLC’s holdings in CMS Energy were worth $5,088,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in CMS Energy by 22.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock valued at $76,292,000 after acquiring an additional 233,633 shares during the period. Beck Bode LLC increased its stake in shares of CMS Energy by 991.3% during the second quarter. Beck Bode LLC now owns 216,324 shares of the utilities provider’s stock worth $12,878,000 after purchasing an additional 196,501 shares during the period. ProShare Advisors LLC lifted its holdings in CMS Energy by 11.5% during the 2nd quarter. ProShare Advisors LLC now owns 43,360 shares of the utilities provider’s stock worth $2,581,000 after purchasing an additional 4,470 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in CMS Energy by 53.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 50,685 shares of the utilities provider’s stock valued at $3,017,000 after purchasing an additional 17,642 shares during the period. Finally, Xponance Inc. grew its holdings in CMS Energy by 1.9% in the 2nd quarter. Xponance Inc. now owns 40,675 shares of the utilities provider’s stock valued at $2,421,000 after buying an additional 760 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity at CMS Energy

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

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $65.75 on Friday. The company’s 50 day moving average price is $67.38 and its two-hundred day moving average price is $67.38. The firm has a market capitalization of $19.64 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.46 and a beta of 0.42. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share 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 company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $0.61 EPS. CMS Energy’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CMS shares. KeyCorp boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Wells Fargo & Company increased their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Scotiabank raised their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets reduced their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and a consensus target price of $71.00.

CMS Energy Company 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.