Crossmark Global Holdings Inc. Sells 2,476 Shares of CMS Energy Co. (NYSE:CMS)

Crossmark Global Holdings Inc. trimmed its holdings in CMS Energy Co. (NYSE:CMS) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,123 shares of the utilities provider’s stock after selling 2,476 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CMS Energy were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Covestor Ltd increased its stake in shares of CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 472 shares in the last quarter. Atria Investments Inc increased its stake in shares of CMS Energy by 1.3% in the 3rd quarter. Atria Investments Inc now owns 22,534 shares of the utilities provider’s stock worth $1,592,000 after acquiring an additional 287 shares in the last quarter. Assetmark Inc. increased its stake in shares of CMS Energy by 5.8% in the 3rd quarter. Assetmark Inc. now owns 83,176 shares of the utilities provider’s stock worth $5,875,000 after acquiring an additional 4,562 shares in the last quarter. Stiles Financial Services Inc bought a new position in shares of CMS Energy in the 3rd quarter worth about $231,000. Finally, Principal Financial Group Inc. increased its stake in shares of CMS Energy by 7.6% in the 3rd quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider’s stock worth $28,840,000 after acquiring an additional 28,695 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Down 0.8 %

CMS opened at $68.08 on Wednesday. The firm has a 50 day moving average price of $69.83 and a 200-day moving average price of $65.06. 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 capitalization of $20.34 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.67 and a beta of 0.41. CMS Energy Co. has a twelve month low of $54.99 and a twelve month high of $72.40.

CMS Energy (NYSE:CMS) last announced its 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. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. Equities research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.03%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. CMS Energy’s payout ratio is 58.86%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Scotiabank raised their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley lifted their target price on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company lifted their target price 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. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, BMO Capital Markets decreased their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.29.

CMS Energy 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.