Hantz Financial Services Inc. Decreases Holdings in CMS Energy Co. (NYSE:CMS)

Hantz Financial Services Inc. lowered its position in CMS Energy Co. (NYSE:CMS) by 27.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,054 shares of the utilities provider’s stock after selling 3,494 shares during the quarter. Hantz Financial Services Inc.’s holdings in CMS Energy were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CMS. First Horizon Advisors Inc. boosted its stake in shares of CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new stake in CMS Energy in the third quarter worth $40,000. Covestor Ltd boosted its position in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after buying an additional 472 shares during the period. Values First Advisors Inc. bought a new position in shares of CMS Energy during the third quarter valued at about $56,000. Finally, Voisard Asset Management Group Inc. increased its holdings in shares of 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 during the period. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on CMS. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. BMO Capital Markets cut their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Wells Fargo & Company raised their price target on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Barclays upped their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note 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 MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average target price of $71.00.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the sale, the senior vice president now owns 63,197 shares in the company, valued at $4,248,102.34. This represents a 3.07 % decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,686 shares of company stock worth $2,228,084. Insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

Shares of CMS stock opened at $66.00 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.38 and a beta of 0.42. The business’s fifty day moving average is $67.13 and its 200 day moving average is $67.61. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40.

CMS Energy (NYSE:CMS) last issued 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. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. Research analysts expect that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

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.