Vontobel Holding Ltd. Raises Stock Position in CMS Energy Co. (NYSE:CMS)

Vontobel Holding Ltd. increased its stake in CMS Energy Co. (NYSE:CMS) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,262 shares of the utilities provider’s stock after purchasing an additional 215 shares during the quarter. Vontobel Holding Ltd.’s holdings in CMS Energy were worth $301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC boosted its stake in shares of CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 578 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of CMS Energy in the 1st quarter worth about $43,000. Innealta Capital LLC bought a new stake in shares of CMS Energy in the 2nd quarter worth about $43,000. DT Investment Partners LLC boosted its stake in shares of CMS Energy by 594.5% during the 2nd quarter. DT Investment Partners LLC now owns 1,007 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 862 shares during the period. Finally, Tobam boosted its stake in shares of CMS Energy by 31.7% during the 3rd quarter. Tobam now owns 868 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CMS. Evercore ISI raised shares of CMS Energy to a “hold” rating in a research report on Friday, July 26th. Morgan Stanley boosted their price objective on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Barclays upped their price target 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. Guggenheim increased their price objective on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus target price of $69.85.

CMS Energy Stock Performance

Shares of CMS opened at $71.03 on Wednesday. The company has a 50-day simple moving average of $69.20 and a 200-day simple moving average of $64.02. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $21.21 billion, a PE ratio of 21.66, a P/E/G ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a 52-week low of $52.12 and a 52-week high of $71.57.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 EPS. Equities research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.90%. This is a boost 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.