CMS Energy Co. (NYSE:CMS – Get Free Report) announced a quarterly dividend on Monday, October 21st, RTT News reports. Stockholders 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 dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, November 13th. 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 Stock Performance
Shares of CMS stock opened at $71.03 on Wednesday. The stock has a market cap of $21.21 billion, a P/E ratio of 21.66, a P/E/G ratio of 2.77 and a beta of 0.41. The company has a fifty day moving average price of $69.20 and a two-hundred day moving average price of $64.02. CMS Energy has a one year low of $52.12 and a one year high of $71.57. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87.
Wall Street Analyst Weigh In
CMS has been the topic of a number of research reports. Guggenheim upped their price target on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Morgan Stanley increased their target price on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Scotiabank boosted their price target on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Evercore ISI raised CMS Energy to a “hold” rating in a report on Friday, July 26th. Finally, Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.85.
Check Out Our Latest Stock Report on CMS Energy
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.
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