Fintel reports that on October 5, 2023, Keybanc upgraded their outlook for CMS Energy (NYSE:CMS) from Sector Weight to Overweight .
Analyst Price Forecast Suggests 25.70% Upside
As of October 5, 2023, the average one-year price target for CMS Energy is 65.72. The forecasts range from a low of 58.58 to a high of $75.60. The average price target represents an increase of 25.70% from its latest reported closing price of 52.28.
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The projected annual revenue for CMS Energy is 7,940MM, a decrease of 2.47%. The projected annual non-GAAP EPS is 3.14.
CMS Energy Declares $0.49 Dividend
On July 21, 2023 the company declared a regular quarterly dividend of $0.49 per share ($1.95 annualized). Shareholders of record as of August 4, 2023 received the payment on August 31, 2023. Previously, the company paid $0.49 per share.
At the current share price of $52.28 / share, the stock's dividend yield is 3.73%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.82%, the lowest has been 2.37%, and the highest has been 3.86%. The standard deviation of yields is 0.26 (n=236).
The current dividend yield is 3.47 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.77. 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.
What is the Fund Sentiment?
There are 1362 funds or institutions reporting positions in CMS Energy. This is a decrease of 12 owner(s) or 0.87% in the last quarter. Average portfolio weight of all funds dedicated to CMS is 0.28%, a decrease of 1.76%. Total shares owned by institutions increased in the last three months by 2.53% to 344,071K shares. 
The put/call ratio of CMS is 0.65, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 21,193K shares representing 7.26% ownership of the company. In it's prior filing, the firm reported owning 19,660K shares, representing an increase of 7.23%. The firm increased its portfolio allocation in CMS by 632.97% over the last quarter.
Capital International Investors holds 11,077K shares representing 3.80% ownership of the company. In it's prior filing, the firm reported owning 11,076K shares, representing an increase of 0.01%. The firm decreased its portfolio allocation in CMS by 10.22% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,076K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 9,007K shares, representing an increase of 0.76%. The firm decreased its portfolio allocation in CMS by 11.01% over the last quarter.
Ameriprise Financial holds 7,087K shares representing 2.43% ownership of the company. In it's prior filing, the firm reported owning 6,854K shares, representing an increase of 3.28%. The firm increased its portfolio allocation in CMS by 414.08% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,944K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 6,796K shares, representing an increase of 2.13%. The firm decreased its portfolio allocation in CMS by 11.42% 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.
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