SG Americas Securities LLC Cuts Stake in CMS Energy Co. (NYSE:CMS)

SG Americas Securities LLC trimmed its position in CMS Energy Co. (NYSE:CMS - Free Report) by 50.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Raymond James & Associates increased its stake in CMS Energy by 310.2% in the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider's stock valued at $79,519,000 after purchasing an additional 851,364 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock valued at $537,503,000 after acquiring an additional 719,093 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of CMS Energy by 404.8% during the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider's stock worth $63,053,000 after acquiring an additional 715,891 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of CMS Energy by 760.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock worth $46,664,000 after acquiring an additional 618,767 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in CMS Energy by 552.9% in the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider's stock valued at $39,978,000 after purchasing an additional 479,336 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Price Performance

Shares of NYSE CMS traded down $0.11 during midday trading on Friday, reaching $65.75. 2,215,732 shares of the company traded hands, compared to its average volume of 1,391,624. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40. The stock's 50-day simple moving average is $67.33 and its 200-day simple moving average is $67.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The firm has a market cap of $19.64 billion, a PE ratio of 18.79, a PEG ratio of 2.46 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business's quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. As a group, equities analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMS. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Friday. Morgan Stanley reduced their target price on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Mizuho lowered CMS Energy from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. BMO Capital Markets reduced their price target on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Barclays lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Seven research analysts have rated the stock with 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 a consensus price target of $71.00.

Insider Transactions at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of CMS Energy 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 transaction, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares of the company's stock, valued at $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,686 shares of company stock worth $2,228,084. 0.40% of the stock is owned by company insiders.

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.