CMS Energy Corporation (NYSE:CMS) finished Friday with an addition of $0.41 to close at $53.11, an upside of 0.78 percent. An average of 2,279,520 shares of common stock have been traded in the last five days. There was a fall of -$3.26 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 2,375,180 shares traded, while the 50-day average volume stands at 1,888,724.
CMS stock has decreased by -6.38% in the last month. The company shares reached their 1-month lowest point of $52.58 on 09/28/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $52.41 and a high of $65.72 in 52 weeks. It has reached a new high 3 times so far this year and lost -16.14% or -$10.22 in price. In spite of this, the price is down -19.19% from the 52-week high.
Insider Transactions
CMS stock investors should be aware that CMS Energy Corporation (CMS) stock had its last reported insider trading activity 17 days ago on Sep 13. In this transaction, the insider spent $93,808. Director, BARFIELD JON E, disposed of 2,345 shares at a price of $56.06 on Aug 15. The insider now owns more than $131,461 worth of shares. Prior to that, Senior Vice President Hendrian Catherine A went on to Sale 7,500 shares at $60.26 each on Jun 12. An amount of $451,960 was transacted.
Valuation Metrics
CMS Energy Corporation (CMS) has a trailing price-to-earnings (P/E) ratio of 21.23. The stock’s beta is 0.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.90, the price-to-book (PB) ratio at 2.24.
The company has a payout ratio of 64.52%. The company’s most recent quarterly dividend payment was $0.4875 a share, without any change from last year. Its latest increase dividend $0.0275 reported on Thursday February 2 2023.
Financial Health
The quick ratio of CMS Energy Corporation for the three months ended June 29 was 0.63, and the current ratio was 0.95, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.96 and a total debt to equity ratio of 2.12 for the quarter ending June 29. Its gross profit as reported stood at $1.22 billion compared to revenue of $8.6 billion.
Earnings Surprise
For the three-month period that ended June 29, CMS Energy Corporation had $13.93 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $195.0 million in the quarter, while revenues were grew 6.67%. The analyst consensus anticipated CMS Energy Corporation’s latest quarter earnings to come in at $0.7 per share, but it turned out to be $0.75, a 7.10% surprise. For the quarter, EBITDA amounted to $499.0 million. Shareholders own equity worth $291.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at CMS Energy Corporation (CMS) price momentum. RSI 9-day as of the close on 29 September was 23.12%, suggesting the stock is oversold, with historical volatility in this time frame at 16.80%.
As of today, CMS’s price is $53.82 -5.78% or -$3.26 from its 5-day moving average. CMS is currently trading -5.48% lower than its 20-day SMA and -13.20% lower than its 100-day SMA. However, the stock’s current price level is -13.95% below the SMA50 and -16.89% below the SMA200.
The stochastic %K and %D were 5.16% and 8.23%, respectively, and the average true range (ATR) was 0.99. With the 14-day stochastic at 10.50% and the average true range at 0.97, the RSI (14) stands at 27.91%. The stock has reached -2.02 on the 9-day MACD Oscillator while the 14-day reading was at -2.65.
Analyst Ratings
Barclays launched coverage on CMS Energy Corporation (NYSE: CMS) in its analyst report released on August 23, 2023. The firm assigned the stock an Equal weight rating. The consensus rating for CMS Energy Corporation (CMS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CMS, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is CMS’s price target for the next 12 months?
Analysts predict a range of price targets between $58.00 and $72.00, with a median target of $64.50. Taking a look at these predictions, the average price target given by analysts for CMS Energy Corporation (CMS) stock is $64.71.
