Voisard Asset Management Group Inc. Has $56,000 Stake in CMS Energy Co. (NYSE:CMS)

Voisard Asset Management Group Inc. boosted its holdings in CMS Energy Co. (NYSE:CMS) by 25.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 798 shares of the utilities provider’s stock after acquiring an additional 163 shares during the quarter. Voisard Asset Management Group Inc.’s holdings in CMS Energy were worth $56,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Mackenzie Financial Corp lifted its holdings in CMS Energy by 0.6% in the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after buying an additional 157 shares during the period. Continuum Advisory LLC lifted its holdings in CMS Energy by 9.6% in the second quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock valued at $139,000 after buying an additional 205 shares during the period. Tobam lifted its holdings in CMS Energy by 31.7% in the third quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after buying an additional 209 shares during the period. Vontobel Holding Ltd. raised its holdings in CMS Energy by 5.3% in the third quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 215 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in CMS Energy by 6.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 236 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMS has been the topic of several analyst reports. Guggenheim increased their target price on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. KeyCorp increased their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, BMO Capital Markets increased their target price on shares of CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.85.

CMS Energy Stock Up 0.8 %

Shares of CMS stock opened at $70.11 on Thursday. The company has a market capitalization of $20.94 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a 12-month low of $53.64 and a 12-month high of $72.40. The firm has a fifty day moving average of $69.73 and a 200-day moving average of $64.51. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80.

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 $0.515 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 2.94%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is 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.