CMS Energy Co. (NYSE:CMS) Increases Dividend to $0.52 Per Share

CMS Energy Co. (NYSE:CMS - Get Free Report) announced a quarterly dividend on Monday, October 21st, RTT News reports. Investors 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 annualized dividend and a 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% indicating that 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 Trading Down 0.2 %

Shares of CMS traded down $0.12 during trading on Monday, reaching $71.17. 981,044 shares of the company traded hands, compared to its average volume of 2,276,391. CMS Energy has a twelve month low of $52.12 and a twelve month high of $71.57. The stock has a market cap of $21.25 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. The stock has a 50-day simple moving average of $68.99 and a 200-day simple moving average of $63.85. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.03. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The business had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period last year, the business earned $0.75 earnings per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts anticipate that CMS Energy will post 3.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CMS. Bank of America lifted their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Wells Fargo & Company lifted their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. BMO Capital Markets lifted their price objective on shares of CMS Energy from $69.00 to $76.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Scotiabank lifted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. Finally, Barclays lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.