CMS Energy Co. (CMS) To Go Ex-Dividend on May 14th

CMS Energy Co. (NYSE:CMS) declared a quarterly dividend on Monday, April 22nd, RTT News reports. Shareholders 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 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, May 14th.

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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.2 %

Shares of NYSE CMS opened at $59.90 on Wednesday. The firm’s 50-day moving average price is $58.57 and its 200-day moving average price is $57.34. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.33 and a beta of 0.38. CMS Energy has a 12-month low of $49.87 and a 12-month high of $63.76.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CMS shares. UBS Group lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research report on Thursday, April 4th. Wolfe Research raised shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a research report on Tuesday, January 16th. Scotiabank reduced their price objective on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research report on Monday. KeyCorp raised their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Seaport Res Ptn downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the transaction, the senior vice president now owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by insiders.

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.