CMS Energy Co. (NYSE:CMS) Plans Quarterly Dividend of $0.38

CMS Energy Co. (NYSE:CMS) announced a quarterly dividend on Friday, April 19th, Wall Street Journal reports. Stockholders of record on Friday, May 3rd will be paid a dividend of 0.3825 per share by the utilities provider on Friday, May 31st. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, May 2nd.

CMS Energy has increased its dividend payment by an average of 7.2% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. CMS Energy has a payout ratio of 65.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect CMS Energy to earn $2.68 per share next year, which means the company should continue to be able to cover its $1.53 annual dividend with an expected future payout ratio of 57.1%.

CMS opened at $55.63 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.92 and a debt-to-equity ratio of 2.29. CMS Energy has a 1-year low of $42.52 and a 1-year high of $56.29. The firm has a market capitalization of $15.44 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 3.42 and a beta of 0.18.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.96 billion. CMS Energy had a net margin of 9.01% and a return on equity of 13.16%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. As a group, equities analysts expect that CMS Energy will post 2.5 earnings per share for the current year.

In other CMS Energy news, SVP Catherine M. Reynolds sold 8,187 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $53.02, for a total value of $434,074.74. Following the completion of the sale, the senior vice president now owns 129,389 shares of the company’s stock, valued at $6,860,204.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Catherine M. Reynolds sold 6,203 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $54.63, for a total value of $338,869.89. Following the completion of the sale, the senior vice president now directly owns 121,211 shares of the company’s stock, valued at approximately $6,621,756.93. The disclosure for this sale can be found here. Insiders have sold 39,690 shares of company stock valued at $2,169,900 in the last ninety days. 0.52% of the stock is currently owned by insiders.

Several analysts have recently issued reports on CMS shares. Zacks Investment Research raised CMS Energy from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Wednesday, April 3rd. SunTrust Banks restated a “hold” rating and set a $56.00 price objective on shares of CMS Energy in a research report on Monday, February 25th. Goldman Sachs Group started coverage on CMS Energy in a research report on Wednesday, January 16th. They issued a “neutral” rating and a $52.00 target price for the company. Bank of America upgraded CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Thursday, April 11th. Finally, Argus raised their price objective on CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $54.77.

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CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

Further Reading: Percentage Gainers

Dividend History for CMS Energy (NYSE:CMS)

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