CMS Energy Corporation (NYSE: CMS) has experienced a rise in its stock price by 0.76 compared to its previous closing price of 59.55. However, the company has seen a gain of 4.15% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-15 that CMS Energy’s (CMS) recent divestment of its Appliance Service Plan business will enable the company to boost its electric and natural gas grid, thereby offering reliable energy to its customers.
Is It Worth Investing in CMS Energy Corporation (NYSE: CMS) Right Now?
CMS Energy Corporation (NYSE: CMS) has a price-to-earnings ratio that is above its average at 20.00x. The stock has a 36-month beta value of 0.38. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for CMS is 296.86M, and at present, short sellers hold a 3.93% of that float. On April 23, 2024, the average trading volume of CMS was 2.48M shares.
CMS’s Market Performance
CMS’s stock has seen a 4.15% increase for the week, with a 1.88% rise in the past month and a 6.03% gain in the past quarter. The volatility ratio for the week is 1.80%, and the volatility levels for the past 30 days are at 1.53% for CMS Energy Corporation. The simple moving average for the past 20 days is 2.02% for CMS’s stock, with a 4.69% simple moving average for the past 200 days.
Analysts’ Opinion of CMS
Guggenheim, on the other hand, stated in their research note that they expect to see CMS reach a price target of $64, previously predicting the price at $60. The rating they have provided for CMS stocks is “Buy” according to the report published on February 02nd, 2024.
Wolfe Research gave a rating of “Outperform” to CMS, setting the target price at $62 in the report published on January 16th of the current year.
CMS Trading at 2.86% 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 -5.90% of loss for the given period.
Volatility was left at 1.53%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +1.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.63% upper at present.
During the last 5 trading sessions, CMS rose by +4.15%, which changed the moving average for the period of 200-days by -0.05% in comparison to the 20-day moving average, which settled at $58.87. In addition, CMS Energy Corporation saw 3.32% 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:
- 0.17 for the present operating margin
- 0.38 for the gross margin
The net margin for CMS Energy Corporation stands at 0.12. The total capital return value is set at 0.04. 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 1.92.
Currently, EBITDA for the company is 2.78 billion with net debt to EBITDA at 5.53. 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 sum up, CMS Energy Corporation (CMS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
