CMS Energy Co. (NYSE:CMS) to Issue $0.52 Quarterly Dividend

CMS Energy Co. (NYSE:CMS - Get Free Report) announced a quarterly dividend on Monday, April 22nd, RTT News reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.515 per share by the utilities provider on Friday, May 31st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.43%.

CMS Energy has raised its dividend payment by an average of 6.2% annually over the last three years and has raised its dividend every year for the last 2 years. CMS Energy has a dividend payout ratio of 57.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect CMS Energy to earn $3.60 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 57.2%.

CMS Energy Stock Up 0.7 %

NYSE CMS traded up $0.45 on Monday, reaching $60.00. The company had a trading volume of 3,424,840 shares, compared to its average volume of 2,436,552. The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.31 and a beta of 0.38. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98. CMS Energy has a 1-year low of $49.87 and a 1-year high of $63.76. The company's fifty day moving average is $58.44 and its 200-day moving average is $57.23.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.01. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The company's revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. On average, research analysts forecast that CMS Energy will post 3.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on CMS Energy from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Wednesday, April 17th. Seaport Res Ptn cut CMS Energy from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. JPMorgan Chase & Co. lifted their price target on CMS Energy from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Wednesday, March 13th. Scotiabank reduced their price target on CMS Energy from $67.00 to $66.00 and set a "sector outperform" rating for the company in a report on Monday. Finally, UBS Group cut CMS Energy from a "buy" rating to a "neutral" rating and set a $65.00 price target for the company. in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $63.00.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now owns 68,971 shares of the company's stock, valued at $3,985,144.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.53% of the company's stock.

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.