Brinker Capital Investments LLC Has $849,000 Position in CMS Energy Co. (NYSE:CMS)

Brinker Capital Investments LLC lowered its position in shares of CMS Energy Co. (NYSE:CMS – Get Rating) by 1.4% in the third quarter, Holdings Channel reports. The firm owned 14,577 shares of the utilities provider’s stock after selling 201 shares during the period. Brinker Capital Investments LLC’s holdings in CMS Energy were worth $849,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CMS. Hallmark Capital Management Inc. acquired a new position in shares of CMS Energy in the second quarter valued at approximately $34,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in CMS Energy during the third quarter worth $34,000. Clear Street Markets LLC boosted its holdings in CMS Energy by 409.2% during the second quarter. Clear Street Markets LLC now owns 606 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 487 shares during the last quarter. Parkside Financial Bank & Trust raised its position in CMS Energy by 63.9% during the third quarter. Parkside Financial Bank & Trust now owns 821 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 320 shares in the last quarter. Finally, CX Institutional bought a new stake in CMS Energy during the second quarter worth $64,000. Institutional investors and hedge funds own 92.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CMS shares. TheStreet lowered shares of CMS Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, October 18th. Guggenheim dropped their price target on shares of CMS Energy from $70.00 to $57.00 in a research report on Monday, October 24th. Wells Fargo & Company upped their price target on shares of CMS Energy from $68.00 to $74.00 in a research report on Wednesday, December 14th. Morgan Stanley upped their price target on shares of CMS Energy from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 15th. Finally, StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.33.

CMS Energy Trading Up 1.5 %

CMS stock opened at $62.01 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.69 and a current ratio of 1.22. The company’s 50-day simple moving average is $62.22 and its 200 day simple moving average is $63.19. CMS Energy Co. has a 52 week low of $52.41 and a 52 week high of $73.76. The company has a market capitalization of $18.00 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.50 and a beta of 0.32.

CMS Energy (NYSE:CMS – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The utilities provider reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. CMS Energy had a net margin of 15.63% and a return on equity of 11.22%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.76 billion. As a group, sell-side analysts anticipate that CMS Energy Co. will post 2.89 earnings per share for the current year.

Insider Activity at CMS Energy

In related news, SVP Shaun M. Johnson sold 420 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $60.80, for a total value of $25,536.00. Following the transaction, the senior vice president now directly owns 44,425 shares in the company, valued at $2,701,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CMS Energy news, CAO Scott B. Mcintosh sold 875 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $57.17, for a total transaction of $50,023.75. Following the sale, the chief accounting officer now directly owns 22,907 shares in the company, valued at $1,309,593.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Shaun M. Johnson sold 420 shares of the stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $60.80, for a total transaction of $25,536.00. Following the sale, the senior vice president now owns 44,425 shares in the company, valued at $2,701,040. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Profile

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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.