As of Friday close, CMS Energy Corporation’s (NYSE:CMS) stock was down -$0.14, moving down -0.25 percent to $56.37. The average number of shares traded per day over the past five days has been 3,023,640 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.84 fall in that time frame. In the last twenty days, the average volume was 2,174,595, while in the previous 50 days, it was 1,821,478.
Since last month, CMS stock retreated -0.90%. Shares of the company fell to $54.31 on 09/05/23, the lowest level in the past month. A 52-week high of $66.21 was reached on 01/09/23 after having rallying from a 52-week low of $52.41. Since the beginning of this year, CMS’s stock price has dropped by -10.99% or -$6.96, and marked a new high 3 times. However, the stock has declined by -14.86% since its 52-week high.
CMS stock investors should be aware that CMS Energy Corporation (CMS) stock had its last reported insider trading activity 10 days ago on Sep 13. Hofmeister Brandon J., the Senior Vice President of the company, disposed of 1,667 shares for $56.27 on Sep 13. It resulted in a $93,808 divestment by the insider. BARFIELD JON E sold 2,345 shares at an average price of $56.06 on Aug 15. The insider now owns 13,982 shares following the transaction. On Jun 12, Senior Vice President Hendrian Catherine A sold 7,500 shares at $60.26 apiece. The transaction was valued at $451,960.
Valuation Metrics
Right now, CMS Energy Corporation (CMS) has a P/E ratio of about 24.76. The stock’s beta is 0.36. Besides these, the trailing price-to-sales (P/S) ratio of 2.02, the price-to-book (PB) ratio of 2.37.
The latest dividend of $0.4875 per share was paid out, remained unchanged from last year’s $0.4875. On Thursday February 2 2023, a $0.0275 dividend increase was announced.
Financial Health
In the three months ended June 29, CMS Energy Corporation’s quick ratio stood at 0.60, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.02, and the total debt-to-equity ratio was 2.18. On the profitability front, the trailing twelve-month gross margin is 63.70% percent. In the year ended June 29, EBITDA margin amounted to 27.34%, whereas operating margins totaled 13.40%. Based on annual data, CMS earned $1.22 billion in gross profit and brought in $8.6 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 5.30%. Return on equity (ROE) for the past 12 months was 10.70%.
In CMS Energy Corporation’s quarter-end financial report for June 29, it reported total debt of $13.93 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CMS’s revenue fell -15.63% to $1.73 billion during the quarter, while net income inched up to $1.55 billion. While analysts expected CMS Energy Corporation to report $0.7 quarterly earnings, the actual figure was $0.75 per share, beating the consensus estimate by 7.10%. During the quarter, the company generated $499.0 million in EBITDA. The liabilities of CMS Energy Corporation were 24.56 billion at the end of its most recent quarter ended June 29, and its total debt was $15.12 billion. The value of shareholders’ equity is $291.73 million.
Technical Picture
This quick technical analysis looks at CMS Energy Corporation’s (CMS) price momentum. With a historical volatility rate of 9.34%, the RSI 9-day stood at 44.92% on 22 September.
With respect to its five-day moving average, the current CMS Energy Corporation price is down by -1.47% percent or -$0.84. At present, CMS shares trade -0.65% below its 20-day simple moving average and -8.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.33% below its SMA50 and -5.94% below its SMA200.
Stochastic coefficient K was 68.22% and Stochastic coefficient D was 72.99%, while ATR was 0.81. Given the Stochastic reading of 62.11% for the 14-day period, the RSI (14) reading has been calculated as 44.72%. As of today, the MACD Oscillator reading stands at -0.18, while the 14-day reading stands at 0.26.
Analyst Ratings
Barclays launched its rating on CMS Energy Corporation (NYSE: CMS) to an Equal weight in a note to investors on August 23, 2023. CMS Energy Corporation (CMS) has been rated Overweight by analysts. According to 0 brokerage firms, CMS is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CMS Energy Corporation stock as buy, with 9 recommending it as overweight.
With a median target price of $64.00, the current consensus forecast for the stock is $58.00 – $72.00. Based on these forecasts, analysts predict CMS Energy Corporation (CMS) will achieve an average price target of $64.57.
