CMS Energy Co. (NYSE:CMS) to Issue Dividend Increase – $0.52 Per Share

CMS Energy Co. (NYSE:CMS) announced a quarterly dividend on Monday, October 21st, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 2.90%. 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 dividend payout ratio of 57.4% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

CMS stock opened at $71.03 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. CMS Energy has a 52-week low of $52.12 and a 52-week high of $71.57. The company has a market capitalization of $21.21 billion, a P/E ratio of 21.66, a PEG ratio of 2.77 and a beta of 0.41. The company has a fifty day moving average price of $69.20 and a 200-day moving average price of $64.02.

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. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company earned $0.75 EPS. CMS Energy’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts expect that CMS Energy will post 3.33 EPS for the current year.

Analyst Ratings Changes

CMS has been the topic of several analyst reports. Scotiabank upped their target price on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Barclays increased their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. BMO Capital Markets increased their price target on CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.85.

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.