CMS Energy Corp. Plans Quarterly Dividend of $0.27 (CMS)
CMS Energy Corp. (NYSE:CMS) announced a quarterly dividend on Monday, April 14th, StockRatingsNetwork.com reports. Stockholders of record on Friday, May 2nd will be paid a dividend of 0.27 per share on Friday, May 30th. This represents a $1.08 annualized dividend and a dividend yield of 3.67%.
A number of analysts have recently weighed in on CMS shares. Analysts at Credit Suisse initiated coverage on shares of CMS Energy Corp. in a research note on Monday, March 10th. They set an “outperform” rating on the stock. On a related note, analysts at ISI Group raised their price target on shares of CMS Energy Corp. from $27.50 to $28.00 in a research note on Friday, January 31st. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy Corp. in a research note on Friday, January 17th. They now have a $28.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $29.56.
Shares of CMS Energy Corp. (NYSE:CMS) traded up 0.10% on Monday, hitting $29.48. The stock had a trading volume of 727,717 shares. CMS Energy Corp. has a one year low of $25.74 and a one year high of $29.98. The stock’s 50-day moving average is $28.6 and its 200-day moving average is $27.40. The company has a market cap of $7.845 billion and a price-to-earnings ratio of 17.74.
CMS Energy Corp. (NYSE:CMS) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.90 billion. On average, analysts predict that CMS Energy Corp. will post $1.76 earnings per share for the current fiscal year.
CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.
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