CMS Energy Co. (NYSE:CMS) Increases Dividend to $0.52 Per Share

CMS Energy Co. (NYSE:CMS) declared a quarterly dividend on Monday, October 21st,RTT News reports. Investors 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 yield of 3.00%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51.

CMS Energy has a payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CMS Energy to earn $3.58 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 57.5%.

CMS Energy Price Performance

NYSE:CMS opened at $68.62 on Tuesday. The stock has a market cap of $20.50 billion, a P/E ratio of 19.61, a PEG ratio of 2.67 and a beta of 0.41. CMS Energy has a one year low of $54.99 and a one year high of $72.40. The company has a fifty day moving average price of $69.83 and a 200 day moving average price of $65.06. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. Analysts anticipate that CMS Energy will post 3.33 earnings per share for the current year.

Analyst Ratings Changes

CMS has been the topic of several analyst reports. KeyCorp upped 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. Barclays upped their target price on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Guggenheim upped 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. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.29.

About CMS Energy

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.