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

Inspire Investing LLC decreased its holdings in CMS Energy Co. (NYSE:CMS) by 0.7% in the fourth quarter, Holdings Channel reports. The fund 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 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Advisory Services Inc. lifted its stake in CMS Energy by 10.6% in the third quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider’s stock worth $842,000 after purchasing an additional 1,147 shares during the last quarter. Cetera Investment Advisers lifted its stake in CMS Energy by 6.2% in the second quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock worth $1,658,000 after purchasing an additional 1,631 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in CMS Energy by 992.4% in the third quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider’s stock worth $18,075,000 after purchasing an additional 228,501 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after purchasing an additional 719,093 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock worth $1,342,000 after purchasing an additional 5,662 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of 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 decreased their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Scotiabank lifted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company 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 price target for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. Finally, KeyCorp lifted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s 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 completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction on 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 transaction, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,686 shares of company stock valued at $2,228,084. 0.40% of the stock is currently owned by insiders.

CMS Energy Price Performance

NYSE CMS opened at $66.66 on Thursday. The firm’s fifty day simple moving average is $67.41 and its two-hundred day simple moving average is $67.39. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The firm has a market capitalization of $19.92 billion, a P/E ratio of 19.05, a P/E/G ratio of 2.52 and a beta of 0.42.

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