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

Crossmark Global Holdings Inc. lessened its stake in shares of CMS Energy Co. (NYSE:CMS) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,520 shares of the utilities provider’s stock after selling 6,603 shares during the quarter. 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 have also modified their holdings of the company. First Horizon Advisors Inc. raised its position in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 275 shares during the last quarter. Brooklyn Investment Group purchased a new stake in CMS Energy in the 3rd quarter valued at $40,000. Covestor Ltd raised its position in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares during the last quarter. Values First Advisors Inc. purchased a new stake in CMS Energy in the 3rd quarter valued at $56,000. Finally, Voisard Asset Management Group Inc. raised its position in CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CMS. Wells Fargo & Company upped their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Guggenheim downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a research report on Thursday. KeyCorp upped their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. BMO Capital Markets cut their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.00.

CMS Energy Stock Performance

NYSE:CMS opened at $65.85 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The stock has a market cap of $19.68 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42. The firm’s fifty day simple moving average is $67.41 and its 200-day simple moving average is $67.39.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS. Analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,686 shares of company stock valued at $2,228,084. Insiders own 0.40% of the company’s stock.

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.