Is CMS Energy Corporation (CMS) a good stock to buy now?

CMS Energy Corporation (NYSE: CMS) is -2.91% lower on its value in year-to-date trading and has touched a low of $46.03 and a high of $69.17 in the current 52-week trading range. The CMS stock was last observed hovering at around $59.91 in the last trading session, with the day’s gains setting it 1.1% off its average median price target of $68.00 for the next 12 months. It is also 20.77% off the consensus price target high of $77.00 offered by 21 analysts, but current levels are -1.68% lower than the price target low of $60.00 for the same period.

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Currently trading at $61.01, the stock is 2.67% and -1.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 1.84% at the moment leaves the stock 1.17% off its SMA200. CMS registered -1.13% loss for a year compared to 6-month gain of 1.18%. The firm has a 50-day simple moving average (SMA 50) of $60.44 and a 200-day simple moving average (SMA200) of $61.58.

The stock witnessed a -0.81% loss in the last 1 month and extending the period to 3 months gives it a -1.09%, and is 5.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.62% over the week and 1.75% over the month.

CMS Energy Corporation (CMS) has around 8128 employees, a market worth around $17.15B and $6.68B in sales. Current P/E ratio is 23.81 and Fwd P/E is 21.43. Profit margin for the company is 11.40%. Distance from 52-week low is 32.54% and -11.80% from its 52-week high. The company has generated returns on investments over the last 12 months (5.80%).

CMS Energy Corporation (CMS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for CMS Energy Corporation (CMS) is a “Overweight”. 21 analysts offering their recommendations for the stock have an average rating of 2.40, where 11 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

CMS Energy Corporation is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.56 with sales reaching $1.8B over the same period.The EPS is expected to grow by 3.00% this year, but quarterly earnings will post 0.70% year-over-year. Quarterly sales are estimated to grow 0.10% in year-over-year returns.

CMS Energy Corporation (CMS) Top Institutional Holders

829 institutions hold shares in CMS Energy Corporation (CMS), with 1.29M shares held by insiders accounting for 0.45% while institutional investors hold 93.09% of the company’s shares. The shares outstanding are 285.60M, and float is at 284.51M with Short Float at 1.42%. Institutions hold 92.67% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 35.19 million shares valued at $2.16 billion. The investor’s holdings represent 12.29% of the CMS Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 26.34 million shares valued at $1.62 billion to account for 9.20% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 20.7 million shares representing 7.23% and valued at over $1.27 billion, while State Street Corporation holds 5.42% of the shares totaling 15.53 million with a market value of $953.63 million.

CMS Energy Corporation (CMS) Insider Activity

The most recent transaction is an insider sale by Brossoit Jean-Francois, the company’s Senior Vice President. SEC filings show that Brossoit Jean-Francois sold 1,600 shares of the company’s common stock on Sep 09 at a price of $62.25 per share for a total of $99600.0. Following the sale, the insider now owns 46070.0 shares.

CMS Energy Corporation disclosed in a document filed with the SEC on Sep 03 that Brossoit Jean-Francois (Senior Vice President) sold a total of 1,620 shares of the company’s common stock. The trade occurred on Sep 03 and was made at $61.66 per share for $99894.0. Following the transaction, the insider now directly holds 47670.0 shares of the CMS stock.

Still, SEC filings show that on Sep 01, Brossoit Jean-Francois (Senior Vice President) disposed off 2,460 shares at an average price of $60.25 for $0.15 million. The insider now directly holds 49,290 shares of CMS Energy Corporation (CMS).

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CMS Energy Corporation (CMS): Who are the competitors?

The company’s main competitors (and peers) include Ameren Corporation (AEE) that is trading 2.64% up over the past 12 months. Alliant Energy Corporation (LNT) is -3.92% down on the 1-year trading charts. Short interest in the company’s stock has risen 17.87% from the last report on Nov 12, 2020 to stand at a total of 3.31 million short shares sold with a short interest ratio of 2.2.

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