CMS Energy Corporation (NYSE:CMS – Get Free Report) announced a quarterly dividend on Monday, July 20th. Stockholders of record on Friday, August 7th will be given a dividend of 0.57 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 7th.
CMS Energy has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. CMS Energy has a payout ratio of 59.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance
Shares of CMS opened at $72.88 on Tuesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.66 and a current ratio of 0.84. The stock has a 50 day moving average price of $74.13 and a two-hundred day moving average price of $74.62. The firm has a market capitalization of $22.51 billion, a P/E ratio of 20.13, a P/E/G ratio of 2.67 and a beta of 0.35. CMS Energy has a 52 week low of $68.64 and a 52 week high of $80.36.
Insider Buying and Selling
In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total transaction of $222,930.00. Following the completion of the sale, the senior vice president owned 67,111 shares of the company’s stock, valued at approximately $4,987,018.41. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.
Hedge Funds Weigh In On CMS Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in CMS. Tema ETFs LLC lifted its holdings in CMS Energy by 8.9% in the second quarter. Tema ETFs LLC now owns 3,532 shares of the utilities provider’s stock worth $270,000 after buying an additional 290 shares during the period. Fulton Bank N.A. boosted its position in CMS Energy by 9.0% during the 2nd quarter. Fulton Bank N.A. now owns 6,337 shares of the utilities provider’s stock valued at $485,000 after acquiring an additional 524 shares in the last quarter. Everpar Advisors LLC purchased a new position in shares of CMS Energy during the 2nd quarter worth approximately $375,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of CMS Energy by 8.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 53,371 shares of the utilities provider’s stock worth $4,083,000 after acquiring an additional 4,297 shares during the period. Finally, Czech National Bank raised its position in shares of CMS Energy by 5.4% in the 2nd quarter. Czech National Bank now owns 87,930 shares of the utilities provider’s stock worth $6,727,000 after acquiring an additional 4,478 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.
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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