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 paid a dividend of 0.515 per share by the utilities provider on Wednesday, November 27th. This represents a $2.06 annualized dividend and a dividend yield of 2.89%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51.

CMS Energy has a payout ratio of 57.4% meaning its dividend is sufficiently covered by earnings. Equities research 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

Shares of CMS stock opened at $71.17 on Tuesday. 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’s 50 day moving average price is $69.10 and its two-hundred day moving average price is $63.94. The company has a market capitalization of $21.25 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. On average, analysts expect that CMS Energy will post 3.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CMS shares. KeyCorp increased their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Barclays raised their price target on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Evercore ISI raised shares of CMS Energy to a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company raised their target price on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.