CMS Energy Corporation (NYSE:CMS – Get Free Report) declared a quarterly dividend on Monday, April 20th. Shareholders of record on Friday, May 8th will be paid a dividend of 0.57 per share by the utilities provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, May 8th.
CMS Energy has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. CMS Energy has a payout ratio of 59.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect CMS Energy to earn $4.16 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 54.8%.
CMS Energy Price Performance
CMS stock opened at $74.91 on Wednesday. The stock has a 50-day moving average price of $77.11 and a two-hundred day moving average price of $74.07. CMS Energy has a 1 year low of $67.71 and a 1 year high of $80.36. The stock has a market cap of $23.14 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.74 and a beta of 0.37. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.80.
Analyst Upgrades and Downgrades
Several brokerages recently commented on CMS. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. UBS Group reiterated a “neutral” rating on shares of CMS Energy in a research note on Friday, February 6th. Morgan Stanley set a $80.00 price objective on shares of CMS Energy in a research note on Friday, February 20th. JPMorgan Chase & Co. increased their price objective on shares of CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.50.
CMS Energy Company Profile
CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.
Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.
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