CMS Energy Corporation Plans Quarterly Dividend of $0.57 (NYSE:CMS)

CMS Energy Corporation (NYSE:CMS) announced a quarterly dividend on Monday, April 20th. Shareholders of record on Friday, May 8th will be given a dividend of 0.57 per share by the utilities provider on Friday, May 29th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 8th.

CMS Energy has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. CMS Energy has a dividend payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CMS Energy to earn $4.16 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 54.8%.

CMS Energy Price Performance

CMS Energy stock opened at $77.09 on Tuesday. The firm has a market capitalization of $23.74 billion, a P/E ratio of 21.84, a PEG ratio of 2.76 and a beta of 0.43. CMS Energy has a one year low of $67.71 and a one year high of $80.36. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.98 and a quick ratio of 0.76. The business has a fifty day moving average price of $77.06 and a 200-day moving average price of $73.94.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, equities research analysts forecast that CMS Energy will post 3.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMS. Bank of America boosted their price target on shares of CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley set a $80.00 price objective on CMS Energy in a report on Friday, February 20th. Williams Trading set a $80.00 price target on shares of CMS Energy in a research note on Monday, February 9th. Jefferies Financial Group increased their price target on shares of CMS Energy from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Truist Financial assumed coverage on shares of CMS Energy in a research report on Tuesday. They set a “buy” rating and a $86.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.21.

CMS Energy Company Profile

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.