CMS Energy Co. (CMS) Shares Sold by BB&T Securities LLC

BB&T Securities LLC trimmed its stake in CMS Energy Co. (NYSE:CMS) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 15,005 shares of the utilities provider’s stock after selling 552 shares during the period. BB&T Securities LLC’s holdings in CMS Energy were worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC purchased a new position in CMS Energy in the fourth quarter valued at about $25,000. Clean Yield Group purchased a new position in CMS Energy in the fourth quarter valued at about $27,000. Advisors Preferred LLC purchased a new position in CMS Energy in the fourth quarter valued at about $31,000. Quantamental Technologies LLC purchased a new position in CMS Energy in the fourth quarter valued at about $55,000. Finally, Cerebellum GP LLC purchased a new position in CMS Energy in the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 92.54% of the company’s stock.

NYSE CMS opened at $52.79 on Thursday. CMS Energy Co. has a 12-month low of $41.98 and a 12-month high of $53.82. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.69 and a current ratio of 0.94. The company has a market capitalization of $14.96 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 3.32 and a beta of 0.19.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). CMS Energy had a net margin of 9.56% and a return on equity of 13.93%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm earned $0.51 EPS. Research analysts predict that CMS Energy Co. will post 2.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 1st will be issued a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Thursday, January 31st. This is a positive change from CMS Energy’s previous quarterly dividend of $0.36. CMS Energy’s dividend payout ratio is 65.67%.

A number of research firms have weighed in on CMS. Zacks Investment Research cut shares of CMS Energy from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Goldman Sachs Group began coverage on shares of CMS Energy in a research note on Wednesday, January 16th. They issued a “neutral” rating and a $52.00 target price on the stock. Guggenheim reiterated a “hold” rating and issued a $53.00 target price on shares of CMS Energy in a research note on Monday, January 7th. Citigroup boosted their price target on shares of CMS Energy from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, December 19th. Finally, SunTrust Banks reissued a “hold” rating and issued a $55.00 price target on shares of CMS Energy in a research report on Tuesday, December 18th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $52.91.

In related news, SVP Catherine M. Reynolds sold 8,187 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $53.02, for a total transaction of $434,074.74. Following the sale, the senior vice president now owns 129,389 shares of the company’s stock, valued at approximately $6,860,204.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

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About CMS Energy

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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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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