RBC Capital Maintains CMS Energy (CMS) Sector Perform Recommendation
Fintel reports that on September 6, 2023, RBC Capital maintained coverage of CMS Energy (NYSE:CMS) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 23.88% Upside
As of August 31, 2023, the average one-year price target for CMS Energy is 68.05. The forecasts range from a low of 58.58 to a high of $80.85. The average price target represents an increase of 23.88% from its latest reported closing price of 54.93.
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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 $54.93 / share, the stock's dividend yield is 3.55%.