CMS Energy Co. (CMS) To Go Ex-Dividend on November 13th

CMS Energy Co. (NYSE:CMS) 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.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $0.75 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts predict that CMS Energy will post 3.33 EPS for the current year.

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.

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.