SG Americas Securities LLC lifted its stake in CMS Energy Co. (NYSE:CMS) by 45.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,375 shares of the utilities provider’s stock after buying an additional 30,628 shares during the period. SG Americas Securities LLC’s holdings in CMS Energy were worth $6,291,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Ballentine Partners LLC acquired a new position in shares of CMS Energy during the third quarter worth $216,000. Exchange Capital Management Inc. increased its holdings in shares of CMS Energy by 5.8% during the second quarter. Exchange Capital Management Inc. now owns 73,409 shares of the utilities provider’s stock worth $4,251,000 after buying an additional 4,014 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of CMS Energy by 3.1% during the second quarter. Macquarie Group Ltd. now owns 240,484 shares of the utilities provider’s stock worth $13,926,000 after buying an additional 7,250 shares in the last quarter. Aperio Group LLC increased its holdings in shares of CMS Energy by 1.5% during the second quarter. Aperio Group LLC now owns 157,389 shares of the utilities provider’s stock worth $9,114,000 after buying an additional 2,354 shares in the last quarter. Finally, Scout Investments Inc. increased its holdings in shares of CMS Energy by 72.4% during the second quarter. Scout Investments Inc. now owns 1,508,302 shares of the utilities provider’s stock worth $87,346,000 after buying an additional 633,549 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.
NYSE CMS traded down $0.40 on Friday, reaching $59.61. The company had a trading volume of 1,737,569 shares, compared to its average volume of 2,073,771. The firm has a market cap of $17.24 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 3.80 and a beta of 0.07. CMS Energy Co. has a fifty-two week low of $47.63 and a fifty-two week high of $65.31. The business has a 50 day moving average of $63.52 and a two-hundred day moving average of $59.82. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.06 and a quick ratio of 0.74.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.3825 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.53 dividend on an annualized basis and a yield of 2.57%. CMS Energy’s payout ratio is currently 65.67%.
In other CMS Energy news, SVP Dhenuvakonda Rao Venkat sold 750 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $63.44, for a total transaction of $47,580.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 500 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $62.36, for a total value of $31,180.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,300 shares of company stock valued at $3,547,401. Company insiders own 0.52% of the company’s stock.
Several research analysts have recently issued reports on the stock. Wells Fargo & Co upped their price target on shares of CMS Energy from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. JPMorgan Chase & Co. lowered their price target on shares of CMS Energy from $72.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Zacks Investment Research downgraded shares of CMS Energy from a “buy” rating to a “hold” rating and set a $67.00 price target for the company. in a report on Monday, September 23rd. Morgan Stanley increased their price objective on CMS Energy from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. Finally, UBS Group increased their price objective on CMS Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $61.21.
CMS Energy Profile
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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