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

Nisa Investment Advisors LLC trimmed its position in CMS Energy Co. (NYSE:CMS) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,974 shares of the utilities provider’s stock after selling 348 shares during the period. Nisa Investment Advisors LLC owned approximately 0.05% of CMS Energy worth $10,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of CMS Energy by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after acquiring an additional 233,633 shares in the last quarter. Beck Bode LLC increased its stake in CMS Energy by 991.3% in the 2nd quarter. Beck Bode LLC now owns 216,324 shares of the utilities provider’s stock valued at $12,878,000 after buying an additional 196,501 shares during the last quarter. ProShare Advisors LLC lifted its position in CMS Energy by 11.5% during the 2nd quarter. ProShare Advisors LLC now owns 43,360 shares of the utilities provider’s stock worth $2,581,000 after buying an additional 4,470 shares in the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of CMS Energy by 11,016.2% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 4,113 shares of the utilities provider’s stock worth $245,000 after buying an additional 4,076 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of CMS Energy by 53.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 50,685 shares of the utilities provider’s stock valued at $3,017,000 after acquiring an additional 17,642 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Performance

NYSE:CMS opened at $65.85 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The stock 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 1-year low of $55.10 and a 1-year high of $72.40. The stock has a market cap of $19.68 billion, a P/E ratio of 18.82, a PEG ratio of 2.52 and a beta of 0.42.

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

Insiders Place Their Bets

In related news, Director John G. Russell sold 28,750 shares of the stock in a transaction that occurred 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 sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 33,686 shares of company stock worth $2,228,084 in the last quarter. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Friday. KeyCorp increased their price objective on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Guggenheim downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a report on Thursday. Morgan Stanley cut their price target on shares of 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. Finally, Wells Fargo & Company boosted their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, CMS Energy 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.