The stock of CMS Energy Corporation (NYSE:CMS) decreased by -$1.08 on Tuesday to finish at $55.91, down -1.90 percent. The last five days have seen an average of 1,291,400 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$7.42. The average number of shares traded over the last 20 days was 1,684,390, while the average volume over the last 50 days totaled 1,796,258.
CMS stock dropped -6.82% since last month. On 08/15/23, the company’s shares reached a one-month low of $55.89. The stock touched a high of $71.19 on 01/09/23, after rallying from a low of $52.41 in 52 weeks. The price of CMS stock has declined by -11.72% or -$7.42 this year, reaching a new high 3 times. Still, the stock price is down -21.46% from the 52-week high.
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Insider Transactions
CMS stock investors should be aware that CMS Energy Corporation (CMS) stock had its last reported insider trading activity 65 days ago on Jun 12. On Jun 12, Senior Vice President Hendrian Catherine A sold 7,500 shares at $60.26 each. This transaction resulted in the insider making $451,960. On Mar 16, Rich Brian F sold 4,000 shares at a price of US$61.72. After the transaction, the insider now owns 91,927 shares. Senior Vice President Hofmeister Brandon J. had earlier sold 1,250 shares on Mar 13 for $60.00 a share. The transaction was completed for $75,002.
Valuation Metrics
CMS Energy Corporation (CMS) has a trailing price-to-earnings (P/E) ratio of 24.55. Beta for the stock is 0.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.99, the price-to-book (PB) ratio of 2.35.
Company paid $0.4875 per share in dividends, remained unchanged from $0.4875 last year. A $0.0275 dividend increase was reported on Thursday February 2 2023.
Financial Health
For the three months ended June 29, CMS Energy Corporation’s quick ratio was 0.60, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.02, and the total debt to equity ratio is 2.18. As far as profitability goes, gross margin for the trailing twelve months is 63.70% percent. CMS Energy Corporation’s EBITDA margin for the year ended June 29 was 27.34%, whereas its operating margin stood at 13.40% for the same period. Based on annual data, it had gross profit of $1.22 billion and revenue of $8.6 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CMS’s return on assets (ROA) during the last 12 months has been 2.30%. There was a 5.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.70%.
Earnings Surprise
According to CMS Energy Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.55 billion, while revenues fell by -15.63% to $1.73 billion. It was predicted that CMS Energy Corporation’s quarterly earnings would be $0.75, but it ended up being $0.7, beating the consensus by 7.10%. EBITDA was $499.0 million for the quarter. At the end of CMS Energy Corporation’s most recent quarter ended June 29, its liabilities totaled 24.56 billion, while its total debt was $15.12 billion. Equity owned by shareholders amounts to $291.73 million.
Technical Picture
Here’s a quick look at CMS Energy Corporation’s (CMS) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 22.79%, suggesting the stock is oversold, with a 17.09% historical volatility rate.
The stochastic %K and %D were 4.67% and 5.87% respectively, while the average true range (ATR) was 1.06. Based on the 14-day stochastic reading of 0.27%, the RSI (14) reading is 30.03%. On the 9-day MACD Oscillator, the stock is at -0.58, and the 14-day reading is at -1.80.
Analyst Ratings
In its most recent analyst report, UBS raised its rating on CMS Energy Corporation (NYSE: CMS) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned CMS Energy Corporation (CMS) an Overweight rating. CMS is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.
What is CMS’s price target for the next 12 months?
The current consensus forecast for the stock is between $61.00 and $77.00, with a median target price of $68.00. In analyzing these forecasts, the average price target given by analysts for CMS Energy Corporation (CMS) is $67.69.
