CMS Energy Corporation (NYSE:CMS) Plans Quarterly Dividend of $0.57

CMS Energy Corporation (NYSE:CMS) declared a quarterly dividend on Monday, October 19th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.57 per share by the utilities provider on Tuesday, December 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 6th.

CMS Energy has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 3 years. CMS Energy has a payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect CMS Energy to earn $4.16 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 54.8%.

CMS Energy Stock Up 2.0%

CMS stock opened at $68.74 on Tuesday. The company’s 50 day moving average price is $66.97 and its 200 day moving average price is $71.95. The firm has a market capitalization of $21.55 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.51 and a beta of 0.32. CMS Energy has a fifty-two week low of $62.28 and a fifty-two week high of $80.36. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, equities research analysts anticipate that CMS Energy will post 3.87 EPS for the current fiscal year.

Hedge Funds Weigh In On CMS Energy

A number of hedge funds have recently modified their holdings of CMS. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in CMS Energy by 769.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 433,532 shares of the utilities provider’s stock valued at $27,347,000 after acquiring an additional 383,681 shares during the last quarter. First Bank & Trust acquired a new stake in CMS Energy during the 3rd quarter worth approximately $2,064,000. IFP Advisors Inc lifted its position in CMS Energy by 626.8% during the 3rd quarter. IFP Advisors Inc now owns 7,094 shares of the utilities provider’s stock worth $447,000 after acquiring an additional 6,118 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of CMS Energy by 80.4% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 12,541 shares of the utilities provider’s stock valued at $791,000 after purchasing an additional 5,588 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of CMS Energy by 2,679.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 92,132 shares of the utilities provider’s stock valued at $5,812,000 after purchasing an additional 88,817 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Company Profile

CMS Energy Corporation is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.