CMS Energy (NYSE:CMS) announced a quarterly dividend on Thursday, April 19th, RTT News reports. Shareholders of record on Friday, May 4th will be given a dividend of 0.3575 per share by the utilities provider on Thursday, May 31st. This represents a $1.43 annualized dividend and a yield of 3.03%. The ex-dividend date is Thursday, May 3rd.

CMS Energy has increased its dividend by an average of 7.2% per year over the last three years and has raised its dividend every year for the last 6 years. CMS Energy has a dividend payout ratio of 61.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect CMS Energy to earn $2.50 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 53.2%.

NYSE:CMS opened at $47.18 on Friday. The company has a market cap of $13,115.60, a price-to-earnings ratio of 21.74, a P/E/G ratio of 3.13 and a beta of 0.07. CMS Energy has a twelve month low of $40.48 and a twelve month high of $50.85. The company has a current ratio of 1.85, a quick ratio of 0.65 and a debt-to-equity ratio of 2.24.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 26th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.85 billion. CMS Energy had a net margin of 7.48% and a return on equity of 14.33%. CMS Energy’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. equities research analysts expect that CMS Energy will post 2.33 earnings per share for the current year.

In other CMS Energy news, SVP Catherine M. Reynolds sold 8,310 shares of CMS Energy stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.40, for a total transaction of $360,654.00. Following the completion of the sale, the senior vice president now directly owns 126,810 shares in the company, valued at approximately $5,503,554. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Several analysts have weighed in on CMS shares. Bank of America reissued a “buy” rating and set a $49.00 target price (up previously from $48.00) on shares of CMS Energy in a research report on Monday, February 26th. SunTrust Banks set a $44.00 target price on shares of CMS Energy and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Guggenheim restated a “hold” rating and set a $50.00 price objective on shares of CMS Energy in a research note on Wednesday, January 3rd. Finally, Hilliard Lyons upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $48.08.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

Dividend History for CMS Energy (NYSE:CMS)

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