CMS Energy Co. (CMS) To Go Ex-Dividend on May 9th

CMS Energy Co. (NYSE:CMS) announced a quarterly dividend on Monday, April 14th, RTT News reports. Stockholders of record on Friday, May 9th will be given a dividend of 0.5425 per share by the utilities provider on Friday, May 30th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, May 9th.

CMS Energy has increased its dividend by an average of 5.8% annually over the last three years. CMS Energy has a payout ratio of 56.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CMS Energy to earn $3.88 per share next year, which means the company should continue to be able to cover its $2.17 annual dividend with an expected future payout ratio of 55.9%.

CMS Energy Stock Performance

Shares of CMS opened at $72.75 on Wednesday. The firm has a market capitalization of $21.74 billion, a P/E ratio of 21.91, a PEG ratio of 2.56 and a beta of 0.34. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The business has a fifty day moving average of $72.13 and a 200 day moving average of $69.53. CMS Energy has a one year low of $56.61 and a one year high of $76.45.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, sell-side analysts anticipate that CMS Energy will post 3.59 EPS for the current year.

Insider Buying and Selling

In related news, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the transaction, the director now owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,200 shares of company stock worth $789,532. 0.49% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on CMS shares. Bank of America lifted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. BMO Capital Markets decreased their price target on CMS Energy from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Monday. Guggenheim reissued a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, UBS Group increased their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $75.09.

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.