CMS Energy Corporation (NYSE:CMS) declared a quarterly dividend on Thursday, October 19th, RTT News reports. Stockholders of record on Friday, November 3rd will be paid a dividend of 0.3325 per share by the utilities provider on Thursday, November 30th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, November 2nd.

CMS Energy Corporation has raised its dividend by an average of 6.7% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. CMS Energy Corporation has a dividend payout ratio of 61.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect CMS Energy Corporation to earn $2.32 per share next year, which means the company should continue to be able to cover its $1.33 annual dividend with an expected future payout ratio of 57.3%.

CMS Energy Corporation (CMS) opened at 48.37 on Wednesday. The stock’s 50 day moving average price is $47.33 and its 200-day moving average price is $46.93. The stock has a market cap of $13.62 billion, a PE ratio of 24.43 and a beta of 0.15. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $49.11.

CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.60 billion. CMS Energy Corporation had a return on equity of 12.30% and a net margin of 8.38%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS. Analysts anticipate that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.

In related news, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total transaction of $296,588.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brian F. Rich sold 3,500 shares of CMS Energy Corporation stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total value of $168,910.00. Following the transaction, the senior vice president now owns 44,835 shares in the company, valued at $2,163,737.10. The disclosure for this sale can be found here. Insiders have sold 11,836 shares of company stock worth $561,118 over the last quarter. 0.65% of the stock is owned by company insiders.

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A number of research firms have recently issued reports on CMS. Credit Suisse Group upgraded CMS Energy Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $46.00 to $50.00 in a research note on Monday, July 24th. Morgan Stanley set a $49.00 price target on CMS Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 10th. BMO Capital Markets restated a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a research note on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating and issued a $46.00 price target on shares of CMS Energy Corporation in a research note on Monday, September 11th. Finally, Zacks Investment Research upgraded CMS Energy Corporation from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $48.90.

CMS Energy Corporation Company Profile

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Dividend History for CMS Energy Corporation (NYSE:CMS)

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