Crossmark Global Holdings Inc. Has $1.57 Million Holdings in CMS Energy Co. (NYSE:CMS)

Crossmark Global Holdings Inc. reduced its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,520 shares of the utilities provider's stock after selling 6,603 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in CMS Energy were worth $1,568,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. BMO Capital Markets decreased their target price on CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a report on Friday. Barclays increased their target price on shares of CMS Energy from $65.00 to $68.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Finally, Mizuho lowered CMS Energy from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $71.00.

CMS Energy Trading Down 0.2 %

Shares of NYSE CMS traded down $0.11 during trading on Friday, hitting $65.75. 2,215,732 shares of the company traded hands, compared to its average volume of 1,935,682. The company has a 50-day moving average price of $67.38 and a 200-day moving average price of $67.38. The firm has a market capitalization of $19.64 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.46 and a beta of 0.42. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The firm's quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that CMS Energy Co. will post 3.33 EPS for the current year.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated 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 sale, the senior vice president now directly owns 64,771 shares of the company's stock, valued at approximately $4,415,439.07. This represents 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 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 sale, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,686 shares of company stock valued at $2,228,084. Insiders own 0.40% of the company's stock.

About CMS Energy

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.