CMS Energy Co. (NYSE:CMS) announced a quarterly dividend on Thursday, July 19th, RTT News reports. Shareholders of record on Friday, August 3rd will be paid a dividend of 0.3575 per share by the utilities provider on Friday, August 31st. This represents a $1.43 annualized dividend and a yield of 2.98%.

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 6 consecutive years. CMS Energy has a dividend payout ratio of 61.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CMS Energy to earn $2.51 per share next year, which means the company should continue to be able to cover its $1.43 annual dividend with an expected future payout ratio of 57.0%.

NYSE:CMS traded up $0.61 during trading hours on Thursday, hitting $47.99. 218,662 shares of the stock traded hands, compared to its average volume of 2,290,061. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. CMS Energy has a fifty-two week low of $40.48 and a fifty-two week high of $50.85. The company has a market cap of $13.45 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 3.21 and a beta of 0.08.

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

Several equities analysts have recently commented on the stock. KeyCorp boosted their price target on shares of CMS Energy from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley boosted their price target on shares of CMS Energy from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday. Citigroup boosted their price target on shares of CMS Energy from $46.00 to $49.00 and gave the company a “hold” rating in a report on Monday, July 9th. ValuEngine upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Thursday, June 14th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $48.50.

In related news, SVP Catherine M. Reynolds sold 5,611 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $46.05, for a total value of $258,386.55. Following the completion of the sale, the senior vice president now directly owns 122,203 shares in the company, valued at $5,627,448.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $46.62, for a total transaction of $46,620.00. Following the completion of the sale, the insider now owns 31,753 shares of the company’s stock, valued at $1,480,324.86. The disclosure for this sale can be found here. Insiders sold 17,611 shares of company stock valued at $817,617 over the last quarter. 0.65% of the stock is currently owned by corporate insiders.

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.

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Dividend History for CMS Energy (NYSE:CMS)

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