CMS Energy Co. (NYSE:CMS) Stake Boosted by Voisard Asset Management Group Inc.

Voisard Asset Management Group Inc. grew its stake in shares of CMS Energy Co. (NYSE:CMS) by 25.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 798 shares of the utilities provider’s stock after acquiring an additional 163 shares during the period. Voisard Asset Management Group Inc.’s holdings in CMS Energy were worth $56,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CMS. State of Michigan Retirement System grew its holdings in shares of CMS Energy by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 80,699 shares of the utilities provider’s stock valued at $4,869,000 after acquiring an additional 800 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of CMS Energy by 34.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 11,214 shares of the utilities provider’s stock valued at $677,000 after purchasing an additional 2,872 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of CMS Energy by 3.3% in the 1st quarter. Van ECK Associates Corp now owns 72,256 shares of the utilities provider’s stock valued at $4,360,000 after purchasing an additional 2,290 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of CMS Energy by 1.1% in the 1st quarter. Retirement Systems of Alabama now owns 64,987 shares of the utilities provider’s stock valued at $3,921,000 after purchasing an additional 684 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of CMS Energy by 33.1% in the 1st quarter. Private Advisor Group LLC now owns 28,010 shares of the utilities provider’s stock valued at $1,690,000 after purchasing an additional 6,968 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CMS shares. KeyCorp lifted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Scotiabank boosted their target price on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America boosted their target price on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Wells Fargo & Company boosted their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets boosted their target price on shares of CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.85.

CMS Energy Price Performance

Shares of CMS stock opened at $70.11 on Thursday. CMS Energy Co. has a 1 year low of $53.64 and a 1 year high of $72.40. The firm’s 50 day moving average is $69.73 and its 200-day moving average is $64.51. The firm has a market capitalization of $20.94 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.77 and a beta of 0.41. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.94%. 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 dividend payout ratio is presently 62.80%.

CMS Energy Company 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.