CMS Energy Corporation (NYSE: CMS) has a higher price-to-earnings ratio of 20.07x compared to its average ratio. CMS has 36-month beta value of 0.38. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for CMS is 296.84M, and currently, short sellers hold a 3.93% ratio of that float. The average trading volume of CMS on April 03, 2024 was 2.46M shares.
CMS) stock’s latest price update
CMS Energy Corporation (NYSE: CMS)’s stock price has plunge by 0.35relation to previous closing price of 59.98. Nevertheless, the company has seen a 2.70% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-26 that CMS Energy’s (CMS) Consumers Energy, with the recent partnership with Muskegon Solar Energy Center, is set to deliver reliable and affordable solar energy to customers in Michigan.
CMS’s Market Performance
CMS’s stock has risen by 2.70% in the past week, with a monthly rise of 3.53% and a quarterly rise of 3.65%. The volatility ratio for the week is 1.47% while the volatility levels for the last 30 days are 1.59% for CMS Energy Corporation The simple moving average for the past 20 days is 1.68% for CMS’s stock, with a 4.88% simple moving average for the past 200 days.
Analysts’ Opinion of CMS
Many brokerage firms have already submitted their reports for CMS stocks, with Guggenheim repeating the rating for CMS by listing it as a “Buy.” The predicted price for CMS in the upcoming period, according to Guggenheim is $64 based on the research report published on February 02, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see CMS reach a price target of $62. The rating they have provided for CMS stocks is “Outperform” according to the report published on January 16th, 2024.
CMS Trading at 4.05% from the 50-Day Moving Average
After a stumble in the market that brought CMS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.60% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.47%, as shares surge +2.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.64% upper at present.
During the last 5 trading sessions, CMS rose by +2.70%, which changed the moving average for the period of 200-days by -0.38% in comparison to the 20-day moving average, which settled at $59.26. In addition, CMS Energy Corporation saw 3.65% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMS starting from Hofmeister Brandon J., who sale 3,500 shares at the price of $57.78 back on Feb 23 ’24. After this action, Hofmeister Brandon J. now owns 68,971 shares of CMS Energy Corporation, valued at $202,240 using the latest closing price.
Hofmeister Brandon J., the Senior Vice President of CMS Energy Corporation, sale 1,000 shares at $57.90 during a trade that took place back on Dec 07 ’23, which means that Hofmeister Brandon J. is holding 61,156 shares at $57,900 based on the most recent closing price.
Stock Fundamentals for CMS
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.44 for the gross margin
The net margin for CMS Energy Corporation stands at 0.12. The total capital return value is set at 0.03. Equity return is now at value 12.17, with 2.70 for asset returns.
Based on CMS Energy Corporation (CMS), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 2.07. The interest coverage ratio of the stock is 1.96.
Currently, EBITDA for the company is 2.78 billion with net debt to EBITDA at 7.67. When we switch over and look at the enterprise to sales, we see a ratio of 4.47. The receivables turnover for the company is 7.9for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
To put it simply, CMS Energy Corporation (CMS) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
