Nisa Investment Advisors LLC Sells 348 Shares of CMS Energy Co. (NYSE:CMS)

Nisa Investment Advisors LLC lowered its holdings in shares of CMS Energy Co. (NYSE:CMS) by 0.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 163,974 shares of the utilities provider’s stock after selling 348 shares during the period. Nisa Investment Advisors LLC’s holdings in CMS Energy were worth $10,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mackenzie Financial Corp lifted its holdings in shares of CMS Energy by 0.6% in the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock worth $1,511,000 after acquiring an additional 157 shares during the last quarter. Voisard Asset Management Group Inc. lifted its stake in shares of 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 acquiring an additional 163 shares during the last quarter. Pallas Capital Advisors LLC grew its position in CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after acquiring an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in CMS Energy by 5.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 187 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its stake in shares of CMS Energy by 1.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after purchasing an additional 200 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CMS Energy 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 directly owns 64,771 shares of the company’s stock, valued at $4,415,439.07. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock worth $2,228,084 in the last quarter. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

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

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMS. 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 objective for the company. Morgan Stanley decreased their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Scotiabank lifted their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Finally, KeyCorp boosted their price target 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and a consensus target price of $71.00.

CMS Energy Company 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.