CMS Energy Co. (NYSE:CMS) Declares Quarterly Dividend of $0.51

CMS Energy Co. (NYSE:CMS) declared a quarterly dividend on Monday, July 22nd, RTT News reports. Shareholders of record on Friday, August 2nd will be given a dividend of 0.51 per share by the utilities provider on Friday, August 30th. This represents a $2.04 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, August 2nd.

CMS Energy has a payout ratio of 57.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CMS Energy to earn $3.61 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 57.1%.

CMS Energy Stock Performance

CMS Energy stock opened at $64.80 on Thursday. CMS Energy has a 1 year low of $49.87 and a 1 year high of $65.17. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market capitalization of $19.36 billion, a P/E ratio of 19.76, a P/E/G ratio of 2.59 and a beta of 0.38. The business has a 50 day moving average of $60.79 and a 200-day moving average of $59.57.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. CMS Energy’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. On average, equities research analysts predict that CMS Energy will post 3.33 earnings per share for the current year.

Insider Activity

In related news, Director Jon E. Barfield sold 2,360 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.79, for a total value of $143,464.40. Following the transaction, the director now owns 14,556 shares in the company, valued at $884,859.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Jon E. Barfield sold 2,360 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at approximately $884,859.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CMS. BMO Capital Markets boosted their price target on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Barclays increased their price objective on shares of CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. UBS Group lowered CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a report on Thursday, April 4th. Evercore ISI upgraded CMS Energy to a “hold” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

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.