BB&T Securities LLC Sells 7,258 Shares of CMS Energy Co. (NYSE:CMS)

BB&T Securities LLC cut its stake in CMS Energy Co. (NYSE:CMS) by 31.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,919 shares of the utilities provider’s stock after selling 7,258 shares during the quarter. BB&T Securities LLC’s holdings in CMS Energy were worth $1,015,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMS. Marshall Wace LLP bought a new position in CMS Energy in the 1st quarter worth $137,000. Cox Capital Mgt LLC raised its holdings in CMS Energy by 5.8% in the 2nd quarter. Cox Capital Mgt LLC now owns 15,122 shares of the utilities provider’s stock worth $876,000 after purchasing an additional 832 shares in the last quarter. DNB Asset Management AS raised its holdings in CMS Energy by 49.4% in the 2nd quarter. DNB Asset Management AS now owns 133,023 shares of the utilities provider’s stock worth $7,703,000 after purchasing an additional 43,969 shares in the last quarter. Scout Investments Inc. raised its holdings in CMS Energy by 72.4% in the 2nd quarter. Scout Investments Inc. now owns 1,508,302 shares of the utilities provider’s stock worth $87,346,000 after purchasing an additional 633,549 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in CMS Energy by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 338,808 shares of the utilities provider’s stock worth $19,620,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

In related news, insider Brian F. Rich sold 4,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $59.70, for a total transaction of $238,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 500 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $62.36, for a total transaction of $31,180.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,300 shares of company stock worth $3,547,401 over the last three months. 0.52% of the stock is currently owned by insiders.

CMS has been the subject of several research reports. Morgan Stanley upped their price objective on shares of CMS Energy from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Argus set a $66.00 target price on shares of CMS Energy and gave the stock a “buy” rating in a research report on Monday, August 12th. Zacks Investment Research downgraded shares of CMS Energy from a “buy” rating to a “hold” rating and set a $67.00 target price on the stock. in a research report on Monday, September 23rd. Wells Fargo & Co upped their target price on shares of CMS Energy from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. Finally, ValuEngine downgraded shares of CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. CMS Energy presently has an average rating of “Hold” and a consensus price target of $61.21.

NYSE:CMS opened at $59.61 on Friday. The firm’s 50-day moving average price is $63.52 and its 200-day moving average price is $59.82. The company has a market capitalization of $17.24 billion, a PE ratio of 25.58, a P/E/G ratio of 3.80 and a beta of 0.07. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.06 and a quick ratio of 0.74. CMS Energy Co. has a 1-year low of $47.63 and a 1-year high of $65.31.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 24th. The utilities provider reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. CMS Energy had a net margin of 9.03% and a return on equity of 12.80%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $0.59 EPS. The company’s revenue was down 3.3% compared to the same quarter last year. Equities analysts anticipate that CMS Energy Co. will post 2.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 1st will be given a dividend of $0.3825 per share. This represents a $1.53 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, October 31st. CMS Energy’s dividend payout ratio (DPR) is 65.67%.

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.

See Also: Fundamental Analysis and Choosing Stocks

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

Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.