CMS Energy Corp. (CMS) Plans Quarterly Dividend of $0.26
CMS Energy Corp. (NYSE:CMS) announced a quarterly dividend on Monday, October 21st, Analyst Ratings Network reports. Shareholders of record on Friday, November 1st will be paid a dividend of $0.255 per share on Wednesday, November 27th. This represents a $1.02 annualized dividend and a dividend yield of 3.73%.
A number of analysts have recently weighed in on CMS shares. Analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy Corp. in a research note to investors on Monday. They now have a $29.00 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of CMS Energy Corp. in a research note to investors on Tuesday, September 3rd. They now have a $30.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of CMS Energy Corp. in a research note to investors on Friday, July 26th. They now have a $30.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.36.
CMS Energy Corp. (NYSE:CMS) traded down 0.29% on Monday, hitting $27.24. The stock had a trading volume of 1,614,869 shares. CMS Energy Corp. has a 1-year low of $22.56 and a 1-year high of $29.98. The stock has a 50-day moving average of $26.39 and a 200-day moving average of $27.50. The company has a market cap of $7.242 billion and a price-to-earnings ratio of 16.77.
CMS Energy Corp. (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.06. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.40 earnings per share. CMS Energy Corp.’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that CMS Energy Corp. will post $1.65 EPS for the current fiscal year.
CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.
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