Inspire Investing LLC Sells 212 Shares of CMS Energy Co. (NYSE:CMS)

Inspire Investing LLC trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,155 shares of the utilities provider’s stock after selling 212 shares during the quarter. Inspire Investing LLC’s holdings in CMS Energy were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp lifted its holdings in shares of CMS Energy by 0.6% during the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after buying an additional 157 shares during the period. 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 valued at $56,000 after buying an additional 163 shares during the period. Pallas Capital Advisors LLC lifted its holdings in shares of CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after buying an additional 173 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in shares of CMS Energy by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after buying an additional 187 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in shares of CMS Energy by 1.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after buying an additional 200 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Down 2.4 %

Shares of CMS stock opened at $66.66 on Thursday. CMS Energy Co. has a 52-week low of $55.10 and a 52-week high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The firm has a market capitalization of $19.92 billion, a PE ratio of 19.05, a PEG ratio of 2.52 and a beta of 0.42. The stock has a fifty day simple moving average of $67.41 and a two-hundred day simple moving average of $67.39.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. On average, analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

Insider Activity

In other news, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was 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 $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the transaction, the director now directly 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 sold a total of 33,686 shares of company stock worth $2,228,084 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

CMS has been the topic of several research analyst reports. Barclays increased their price target on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Scotiabank upped 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. Jefferies Financial Group began coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. BMO Capital Markets reduced their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.