Crossmark Global Holdings Inc. Trims Holdings in CMS Energy Co. (NYSE:CMS)

Crossmark Global Holdings Inc. trimmed its position in CMS Energy Co. (NYSE:CMS) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,520 shares of the utilities provider’s stock after selling 6,603 shares during the period. Crossmark Global Holdings Inc.’s holdings in CMS Energy were worth $1,568,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 275 shares during the period. Brooklyn Investment Group purchased a new position in shares of CMS Energy during the 3rd quarter worth about $40,000. Covestor Ltd lifted its holdings in shares of CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 472 shares during the period. Values First Advisors Inc. purchased a new position in shares of CMS Energy during the 3rd quarter worth about $56,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in shares of CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 163 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Down 1.1 %

CMS stock opened at $65.85 on Friday. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $19.68 billion, a P/E ratio of 18.82, a PEG ratio of 2.52 and a beta of 0.42. The firm has a 50 day simple moving average of $67.41 and a 200-day simple moving average of $67.39.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. On average, equities research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CMS. Barclays increased their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Morgan Stanley cut their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group began coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target on the stock. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and cut their price target for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, Wells Fargo & Company raised their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Insiders Place Their Bets

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,686 shares of company stock valued at $2,228,084 over the last 90 days. 0.40% of the stock is owned by company insiders.

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.