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CMS Stock Forecast: All the More Reason to Consider CMS Energy Corporation (CMS) Now

CMS Energy Corporation (NYSE: CMS) is 4.41% higher on its value in year-to-date trading and has touched a low of $49.87 and a high of $63.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CMS stock was last observed hovering at around $61.36 in the last trading session, with the day’s loss setting it -0.73%.

Currently trading at $60.63, the stock is -2.61% and -0.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -1.19% at the moment leaves the stock 5.10% off its SMA200. CMS registered 0.36% gain for a year compared to 6-month gain of 4.84%.

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The stock witnessed a -3.36% loss in the last 1 month and extending the period to 3 months gives it a 0.61%, and is -3.65% down 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 1.29% over the week and 1.32% over the month.

CMS Energy Corporation (CMS) has around 8356 employees, a market worth around $18.11B and $7.35B in sales. Current P/E ratio is 18.57 and Fwd P/E is 16.86. Profit margin for the company is 13.05%. Distance from 52-week low is 21.58% and -4.91% from its 52-week high. The company has generated returns on investments over the last 12 months (4.18%).

The EPS is expected to grow by 7.17% this year.

CMS Energy Corporation (CMS) Top Institutional Holders

The shares outstanding are 298.63M, and float is at 296.87M with Short Float at 3.42%.

CMS Energy Corporation (CMS) Insider Activity

The most recent transaction is an insider sale by Rich Brian F,the company’sSenior Vice President. SEC filings show that Rich Brian F sold 2,000 shares of the company’s common stock on May 02 ’24 at a price of $61.10 per share for a total of $0.12 million. Following the sale, the insider now owns 97682.0 shares.

CMS Energy Corporation disclosed in a document filed with the SEC on Feb 23 ’24 that Hofmeister Brandon J. (Senior Vice President) sold a total of 3,500 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $57.78 per share for $0.2 million. Following the transaction, the insider now directly holds 68971.0 shares of the CMS stock.

Still, SEC filings show that on Dec 07 ’23, Hofmeister Brandon J. (Senior Vice President) disposed off 1,000 shares at an average price of $57.90 for $57900.0. The insider now directly holds 61,156 shares of CMS Energy Corporation (CMS).

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