CMS Energy Corp. (NYSE:CMS) announced a quarterly dividend on Monday, July 15th, ARN reports. Stockholders of record on Friday, August 2nd will be paid a dividend of $0.255 per share on Friday, August 30th. This represents a $1.02 annualized dividend and a dividend yield of 3.65%.
CMS has been the subject of a number of recent research reports. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of CMS Energy Corp. in a research note to investors on Tuesday, May 28th. They now have a $32.00 price target on the stock. On the ratings front, analysts at Zacks upgraded shares of CMS Energy Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, May 17th. They now have a $34.00 price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of CMS Energy Corp. in a research note to investors on Tuesday, May 7th. They now have a $31.00 price target on the stock.
Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.07.
Shares of CMS Energy Corp. (NYSE: CMS) traded up 1.25% during mid-day trading on Monday, hitting $28.27. CMS Energy Corp. has a one year low of $22.56 and a one year high of $29.98. The stock’s 50-day moving average is currently $27.05. The company has a market cap of $7.512 billion and a P/E ratio of 16.42.
CMS Energy Corp. (NYSE: CMS) last released its earnings data on Thursday, April 25th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.03. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the company posted $0.39 earnings per share. CMS Energy Corp.’s revenue was up 13.5% compared to the same quarter last year. CMS Energy Corp. has set its FY13 guidance at $1.63-1.66 EPS. On average, analysts predict that CMS Energy Corp. will post $1.65 earnings per share for the current fiscal year.
CMS Energy Corporation (NYSE: CMS) is an energy company operating primarily in Michigan.