CMS Energy Co. Declares Quarterly Dividend of $0.27 (CMS)
CMS Energy (NYSE:CMS) announced a quarterly dividend on Monday, July 14th, American Banking News reports. Shareholders of record on Friday, August 1st will be paid a dividend of 0.27 per share on Friday, August 29th. This represents a $1.08 annualized dividend and a dividend yield of 3.61%.
A number of analysts have recently weighed in on CMS shares. Analysts at Robert W. Baird initiated coverage on shares of CMS Energy in a research note on Thursday, May 22nd. They set an “outperform” rating and a $35.00 price target on the stock. On a related note, analysts at Ned Davis Research upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy in a research note on Friday, April 25th. They now have a $31.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CMS Energy has a consensus rating of “Buy” and an average price target of $30.80.
CMS Energy (NYSE:CMS) traded down 0.93% during mid-day trading on Monday, hitting $29.92. 1,996,490 shares of the company’s stock traded hands. CMS Energy has a 52 week low of $25.74 and a 52 week high of $31.23. The stock has a 50-day moving average of $30.06 and a 200-day moving average of $28.76. The company has a market cap of $8.030 billion and a price-to-earnings ratio of 16.06. CMS Energy also was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 5,556,455 shares, a decrease of 43.1% from the June 13th total of 9,761,655 shares. Based on an average daily volume of 2,280,818 shares, the short-interest ratio is currently 2.4 days. Currently, 2.1% of the shares of the stock are sold short.
CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. Analysts expect that CMS Energy will post $1.76 EPS for the current fiscal year.
CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.
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