SG Americas Securities LLC Sells 56,305 Shares of CMS Energy Co. (NYSE:CMS)

SG Americas Securities LLC cut its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 73.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,041 shares of the utilities provider's stock after selling 56,305 shares during the period. SG Americas Securities LLC's holdings in CMS Energy were worth $1,505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BankPlus Trust Department bought a new stake in CMS Energy during the 4th quarter worth approximately $29,000. Larson Financial Group LLC grew its holdings in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after buying an additional 696 shares in the last quarter. Optiver Holding B.V. raised its position in CMS Energy by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after buying an additional 229 shares during the last quarter. Mizuho Bank Ltd. bought a new position in CMS Energy during the 4th quarter valued at $61,000. Finally, Covestor Ltd lifted its stake in CMS Energy by 51.9% during the 4th quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock valued at $71,000 after acquiring an additional 364 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CMS shares. UBS Group increased their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Scotiabank restated an "outperform" rating and set a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their price target on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $77.00.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total transaction of $161,794.78. Following the transaction, the senior vice president now directly owns 69,571 shares of the company's stock, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.40% of the stock is owned by insiders.

CMS Energy Price Performance

CMS traded down $1.04 during trading on Monday, reaching $69.49. 1,783,496 shares of the company were exchanged, compared to its average volume of 2,315,421. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The company has a market cap of $20.79 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 2.56 and a beta of 0.39. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The company's 50-day moving average is $71.41 and its two-hundred day moving average is $70.03.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same period in the prior year, the firm posted $0.97 EPS. CMS Energy's revenue was up 12.5% on a year-over-year basis. Research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Friday, May 9th. CMS Energy's payout ratio is 64.39%.

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.