Pacer Advisors Inc. Reduces Stock Position in CMS Energy Co. (NYSE:CMS)

Pacer Advisors Inc. lowered its position in CMS Energy Co. (NYSE:CMS - Free Report) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.

Other hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp increased its stake in shares of CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider's stock worth $1,511,000 after purchasing an additional 157 shares in the last quarter. Voisard Asset Management Group Inc. increased its position in CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider's stock worth $56,000 after buying an additional 163 shares in the last quarter. Pallas Capital Advisors LLC increased its position in CMS Energy by 4.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock worth $297,000 after buying an additional 173 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of CMS Energy by 5.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider's stock worth $256,000 after buying an additional 187 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its position 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 in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CMS. Mizuho cut shares of CMS Energy from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. BMO Capital Markets lowered their target price on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Scotiabank increased their price target 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. Finally, Jefferies Financial Group started coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $71.00.

Insider Transactions at CMS Energy

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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John G. Russell sold 28,750 shares of the 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 completion of the sale, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. This represents a 16.64 % 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 three months. Insiders own 0.40% of the company's stock.

CMS Energy Price Performance

NYSE:CMS traded down $0.20 during trading hours on Friday, reaching $66.00. The stock had a trading volume of 1,812,426 shares, compared to its average volume of 2,131,911. 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 stock has a market capitalization of $19.72 billion, a PE ratio of 18.86, a PEG ratio of 2.38 and a beta of 0.42. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. The company has a 50 day moving average price of $67.13 and a two-hundred day moving average price of $67.61.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. CMS Energy's revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

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.