CMS Energy Corporation Announces Quarterly Dividend of $0.54 (NYSE:CMS)

Key Points

• CMS Energy Corporation announced a quarterly dividend of $0.54 per share, which will be paid on November 26th to shareholders of record as of November 7th, representing a 2.9% yield.
• The company has a payout ratio of 56.2%, indicating that earnings are sufficient to cover the dividend, with projected earnings of $3.88 per share next year.
• CMS Energy's stock price has fluctuated between a 12-month low of $63.97 and a high of $76.45, currently opening at $75.11, and is rated as a "Moderate Buy" by analysts with a target price of $78.00.

CMS Energy Corporation (NYSE:CMS - Get Free Report) announced a quarterly dividend on Monday, October 20th. Shareholders of record on Friday, November 7th will be paid a dividend of 0.5425 per share by the utilities provider on Wednesday, November 26th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, November 7th.

CMS Energy has a payout ratio of 56.2% meaning 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 Price Performance

Shares of CMS Energy stock opened at $75.11 on Tuesday. CMS Energy has a twelve month low of $63.97 and a twelve month high of $76.45. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The company has a 50-day simple moving average of $72.29 and a two-hundred day simple moving average of $71.64. The stock has a market capitalization of $22.48 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 2.85 and a beta of 0.40.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the previous year, the company earned $0.66 EPS. The business's revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Analysts forecast that CMS Energy will post 3.59 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CMS. Barclays lifted their price target on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CMS Energy in a report on Wednesday, October 8th. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. KeyCorp lifted their price target on shares of CMS Energy from $76.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, October 15th. Finally, Wall Street Zen raised shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Saturday. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

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.

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