CMS Energy Corporation (CMS) Reached A New High 2 times During The Past Five Days

At the last check on Friday, CMS Energy Corporation’s (NYSE:CMS) stock was up $0.52, moving up 0.76 percent to $69.10. The average number of shares traded per day over the past five days has been 1,681,274 shares. 2 times new highs have been achieved over the past 5 days, with a $0.87 gain in that time frame. In the last twenty days, the average volume was 1,759,034, while in the previous 50 days, it was 2,016,549.

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Since last month, CMS stock retreated -5.84%. Shares of the company fell to $66.92 on 05/06/22, the lowest level in the past month. A 52-week high of $73.76 was reached on 04/21/22 after having rallying from a 52-week low of $57.92. Since the beginning of this year, CMS’s stock price has risen by 5.43% or $3.57, and marked a new high 17 times. However, the stock has declined by -6.32% since its 52-week high.

CMS Energy Corporation (CMS) last reported insider trading activity 2 days ago on May 11. Venkat Dhenuvakonda Rao, the Senior Vice President of the company, disposed of 1,000 shares for $69.20 on May 11. It resulted in a $69,198 divestment by the insider. Hendrian Catherine A sold 6,521 shares at an average price of $66.09 on Mar 14. The insider now owns 47,118 shares following the transaction. On Nov 17, Senior Vice President Rich Brian F sold 3,500 shares at $60.32 apiece. The transaction was valued at $211,120.

Valuation Metrics

Right now, CMS Energy Corporation (CMS) has a P/E ratio of about 27.29. The stock’s beta is 0.26. Besides these, the trailing price-to-sales (P/S) ratio of 2.58, the price-to-book (PB) ratio of 2.99.

The latest dividend of $0.46 per share was paid out, remained unchanged from last year’s $0.46. On Thursday January 27 2022, a $0.0250 dividend increase was announced.

Financial Health

In the three months ended March 30, CMS Energy Corporation’s quick ratio stood at 1.10, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.82, and the total debt-to-equity ratio was 1.88. On the profitability front, the trailing twelve-month gross margin is 64.30% percent. In the year ended March 30, operating margins totaled 15.20%. Based on annual data, CMS earned $1.15 billion in gross profit and brought in $7.33 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.40%. Return on equity (ROE) for the past 12 months was 21.90%.

In CMS Energy Corporation’s quarter-end financial report for March 30, it reported total debt of $12.03 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CMS’s revenue rose 8.7% to $1.56 billion during the quarter, while net income inched up to $1.73 billion. While analysts expected CMS Energy Corporation to report $1.12 quarterly earnings, the actual figure was $1.2 per share, beating the consensus estimate by 7.10%. During the quarter, the company generated $801.0 million in EBITDA. The liabilities of CMS Energy Corporation were 21.34 billion at the end of its most recent quarter ended March 30, and its total debt was $12.5 billion. The value of shareholders’ equity is $290.13 million.

Technical Picture

This quick technical analysis looks at CMS Energy Corporation’s (CMS) price momentum. With a historical volatility rate of 20.04%, the RSI 9-day stood at 45.18% on 12 May.

With respect to its five-day moving average, the current CMS Energy Corporation price is up by +1.28% percent or $0.87. At present, CMS shares trade -4.10% below its 20-day simple moving average and +6.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.12% above its SMA50 and +10.06% above its SMA200.

Stochastic coefficient K was 32.41% and Stochastic coefficient D was 28.68%, while ATR was 1.56. Given the Stochastic reading of 37.45% for the 14-day period, the RSI (14) reading has been calculated as 46.25%. As of today, the MACD Oscillator reading stands at 0.28, while the 14-day reading stands at -0.17.

Analyst Ratings

Credit Suisse launched its rating on CMS Energy Corporation (NYSE: CMS) to a Neutral in a note to investors on April 26, 2022. CMS Energy Corporation (CMS) has been rated Overweight by analysts. According to 1 brokerage firm, CMS is a sell, and 12 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate CMS Energy Corporation stock as buy, with 7 recommending it as overweight.

With a median target price of $72.00, the current consensus forecast for the stock is $66.00 – $80.00. Based on these forecasts, analysts predict CMS Energy Corporation (CMS) will achieve an average price target of $72.82.


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