CMS Energy Co. (NYSE:CMS) Declares Dividend Increase – $0.52 Per Share

CMS Energy Co. (NYSE:CMS) announced a quarterly dividend on Monday, October 21st, RTT News reports. Stockholders of record on Wednesday, November 13th will be given a dividend of 0.515 per share by the utilities provider on Wednesday, November 27th. This represents a $2.06 annualized dividend and a dividend yield of 2.89%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51.

CMS Energy has a payout ratio of 57.4% meaning its dividend is sufficiently covered by earnings. Analysts expect CMS Energy to earn $3.61 per share next year, which means the company should continue to be able to cover its $2.06 annual dividend with an expected future payout ratio of 57.1%.

CMS Energy Stock Down 0.1 %

CMS Energy stock traded down $0.10 during mid-day trading on Monday, reaching $71.19. 355,417 shares of the company’s stock were exchanged, compared to its average volume of 2,273,304. The company has a market cap of $21.26 billion, a P/E ratio of 21.73, a P/E/G ratio of 2.77 and a beta of 0.41. The company has a fifty day moving average of $68.99 and a 200-day moving average of $63.85. CMS Energy has a twelve month low of $52.12 and a twelve month high of $71.57. 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 (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts expect that CMS Energy will post 3.33 EPS for the current year.

Analysts Set New Price Targets

CMS has been the subject of a number of analyst reports. KeyCorp upped their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Wells Fargo & Company boosted their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays lifted their price target on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.85.

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.