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

Pacer Advisors Inc. raised its position in shares of CMS Energy Co. (NYSE:CMS) by 10.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,614 shares of the utilities provider’s stock after purchasing an additional 2,841 shares during the quarter. Pacer Advisors Inc.’s holdings in CMS Energy were worth $1,894,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of CMS Energy in the 3rd quarter worth about $122,000. Trust Co. of Toledo NA OH purchased a new stake in shares of CMS Energy in the 3rd quarter worth about $206,000. Lenox Wealth Advisors LLC purchased a new stake in shares of CMS Energy in the 3rd quarter worth about $26,000. Macquarie Group Ltd. lifted its position in shares of CMS Energy by 3.1% in the 2nd quarter. Macquarie Group Ltd. now owns 240,484 shares of the utilities provider’s stock worth $13,926,000 after purchasing an additional 7,250 shares during the period. Finally, Atria Investments LLC lifted its position in shares of CMS Energy by 43.3% in the 2nd quarter. Atria Investments LLC now owns 8,489 shares of the utilities provider’s stock worth $512,000 after purchasing an additional 2,565 shares during the period. 92.49% of the stock is owned by institutional investors and hedge funds.

CMS has been the subject of several research analyst reports. ValuEngine cut shares of CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of CMS Energy from a “buy” rating to a “hold” rating and set a $67.00 price target for the company. in a research report on Monday, September 23rd. UBS Group lifted their price target on shares of CMS Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Morgan Stanley lifted their price target on shares of CMS Energy from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Finally, Barclays reissued a “hold” rating and set a $61.00 price target on shares of CMS Energy in a research report on Thursday, June 20th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. CMS Energy presently has an average rating of “Hold” and an average target price of $61.21.

Shares of NYSE CMS opened at $63.23 on Wednesday. CMS Energy Co. has a 1 year low of $47.63 and a 1 year high of $65.31. The stock has a market cap of $18.13 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 3.99 and a beta of 0.09. The firm has a 50-day moving average of $63.28 and a 200 day moving average of $58.84. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.94 and a quick ratio of 0.71.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.11). The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. CMS Energy had a net margin of 8.41% and a return on equity of 12.13%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. Research analysts expect that CMS Energy Co. will post 2.49 earnings per share for the current fiscal year.

In other CMS Energy news, Director John G. Russell sold 33,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $60.04, for a total transaction of $2,011,340.00. Following the completion of the sale, the director now directly owns 257,211 shares in the company, valued at approximately $15,442,948.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $62.36, for a total transaction of $31,180.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,300 shares of company stock valued at $5,432,186. 0.52% of the stock is owned by company insiders.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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