CMS Energy Co. (NYSE:CMS) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in CMS Energy Co. (NYSE:CMS) by 54.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,165 shares of the utilities provider’s stock after purchasing an additional 53,907 shares during the quarter. SG Americas Securities LLC owned about 0.05% of CMS Energy worth $10,818,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Scarborough Advisors LLC acquired a new stake in CMS Energy in the 4th quarter valued at about $29,000. Voisard Asset Management Group Inc. acquired a new stake in CMS Energy in the 4th quarter valued at about $36,000. TruNorth Capital Management LLC lifted its holdings in CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 578 shares during the last quarter. Headlands Technologies LLC acquired a new stake in CMS Energy in the 1st quarter valued at about $43,000. Finally, Innealta Capital LLC acquired a new stake in CMS Energy in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS Energy stock traded up $0.08 during trading hours on Friday, reaching $71.22. 2,218,453 shares of the company were exchanged, compared to its average volume of 2,310,512. The firm has a market cap of $21.27 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 2.80 and a beta of 0.41. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The stock has a 50-day moving average of $68.00 and a 200 day moving average of $63.04. CMS Energy Co. has a 12 month low of $50.70 and a 12 month high of $71.57.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. As a group, research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a $0.51 dividend. The ex-dividend date was Friday, August 2nd. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. CMS Energy’s dividend payout ratio is 62.80%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Mizuho boosted their price objective on CMS Energy from $65.00 to $76.00 and gave the stock an “outperform” rating in a report on Tuesday. KeyCorp boosted their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Guggenheim boosted their price objective on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Barclays upped their target price on CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.38.

About CMS Energy

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.