CMS Energy Co. (NYSE:CMS) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in CMS Energy Co. (NYSE:CMS) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,148 shares of the utilities provider’s stock after selling 20,971 shares during the period. Pacer Advisors Inc.’s holdings in CMS Energy were worth $3,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMS. KBC Group NV increased its stake in CMS Energy by 23.4% in the 4th quarter. KBC Group NV now owns 25,342 shares of the utilities provider’s stock valued at $1,689,000 after purchasing an additional 4,806 shares in the last quarter. Blue Trust Inc. grew its holdings in CMS Energy by 52.6% in the fourth quarter. Blue Trust Inc. now owns 9,371 shares of the utilities provider’s stock valued at $662,000 after purchasing an additional 3,231 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of CMS Energy in the fourth quarter valued at $212,000. Exchange Traded Concepts LLC raised its stake in shares of CMS Energy by 2.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,401 shares of the utilities provider’s stock worth $827,000 after buying an additional 345 shares during the last quarter. Finally, Advisory Alpha LLC boosted its position in shares of CMS Energy by 9.0% in the 4th quarter. Advisory Alpha LLC now owns 7,206 shares of the utilities provider’s stock worth $480,000 after buying an additional 593 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMS. Jefferies Financial Group began coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective for the company. Wells Fargo & Company raised their price target on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Guggenheim downgraded CMS Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Finally, Scotiabank upped their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and an average target price of $71.00.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the transaction, the senior vice president now owns 64,771 shares in the company, valued at approximately $4,415,439.07. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, 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. Insiders have sold 33,686 shares of company stock valued at $2,228,084 in the last three months. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

NYSE:CMS opened at $66.24 on Friday. The company has a market cap of $19.79 billion, a P/E ratio of 18.92, a P/E/G ratio of 2.46 and a beta of 0.42. The firm’s 50 day moving average is $67.19 and its two-hundred day moving average is $67.62. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. 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 (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share 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 return on equity of 12.81% and a net margin of 14.01%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. Analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

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.