CMS Energy (CMS) to Release Quarterly Earnings on Thursday

CMS Energy (NYSE:CMS) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect CMS Energy to post earnings of $0.78 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

CMS Energy Price Performance

Shares of CMS stock opened at $71.16 on Tuesday. The stock has a 50 day moving average price of $69.61 and a 200 day moving average price of $64.38. CMS Energy has a 52-week low of $53.53 and a 52-week high of $72.40. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The firm has a market capitalization of $21.25 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.77 and a beta of 0.41.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.515 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Wednesday, November 13th. CMS Energy’s payout ratio is currently 62.80%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CMS. Scotiabank lifted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Barclays increased their price objective on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. BMO Capital Markets raised their price objective on CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Bank of America increased their price target on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Guggenheim lifted their price objective on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average price target of $69.85.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.