CMS Energy (CMS) Declares $0.49 Dividend

CMS Energy said on April 21, 2023 that its board of directors declared a regular quarterly dividend of $0.49 per share ($1.95 annualized). Previously, the company paid $0.46 per share.

Shares must be purchased before the ex-div date of May 4, 2023 to qualify for the dividend. Shareholders of record as of May 5, 2023 will receive the payment on May 31, 2023.

At the current share price of $61.63 / share, the stock's dividend yield is 3.16%. Looking back five years and taking a sample every week, the average dividend yield has been 2.79%, the lowest has been 2.37%, and the highest has been 3.36%. The standard deviation of yields is 0.22 (n=237).

The current dividend yield is 1.67 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.68. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.20%, demonstrating that it has increased its dividend over time.

Learn to Harvest Dividends

Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.

What is the Fund Sentiment?

There are 1389 funds or institutions reporting positions in CMS Energy. This is a decrease of 9 owner(s) or 0.64% in the last quarter. Average portfolio weight of all funds dedicated to CMS is 0.29%, a decrease of 4.33%. Total shares owned by institutions increased in the last three months by 1.86% to 336,410K shares. The put/call ratio of CMS is 0.78, indicating a bullish outlook.

Analyst Price Forecast Suggests 13.82% Upside

As of April 24, 2023, the average one-year price target for CMS Energy is 70.14. The forecasts range from a low of 65.65 to a high of $80.85. The average price target represents an increase of 13.82% from its latest reported closing price of 61.63.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for CMS Energy is 7,940MM, a decrease of 7.63%. The projected annual non-GAAP EPS is 3.14.

What are Other Shareholders Doing?

Jpmorgan Chase holds 18,885K shares representing 6.48% ownership of the company. In it's prior filing, the firm reported owning 17,963K shares, representing an increase of 4.88%. The firm increased its portfolio allocation in CMS by 4.95% over the last quarter.

Capital International Investors holds 11,090K shares representing 3.80% ownership of the company. In it's prior filing, the firm reported owning 9,584K shares, representing an increase of 13.58%. The firm increased its portfolio allocation in CMS by 15.76% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,821K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 8,658K shares, representing an increase of 1.85%. The firm increased its portfolio allocation in CMS by 2.32% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 6,761K shares representing 2.32% ownership of the company. In it's prior filing, the firm reported owning 6,676K shares, representing an increase of 1.26%. The firm increased its portfolio allocation in CMS by 1.16% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 6,710K shares representing 2.30% ownership of the company. In it's prior filing, the firm reported owning 6,582K shares, representing an increase of 1.91%. The firm increased its portfolio allocation in CMS by 2.13% over the last quarter.

CMS Energy Background Information
(This description is provided by the company.)

Consumers Energy, Michigan's largest energy provider, is the principal subsidiary of CMS Energy , providing natural gas and/or electricity to 6.7 million of the state's 10 million residents in all 68 Lower Peninsula counties.

This story originally appeared on Fintel.