CMS Energy Corporation (NYSE: CMS) is 16.86% higher on its value in year-to-date trading and has touched a low of $54.27 and a high of $72.40 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 $69.11 in the last trading session, with the day’s loss setting it -1.25%.
Currently trading at $67.86, the stock is -3.27% and -2.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.93 million and changing -1.81% at the moment leaves the stock 7.95% off its SMA200. CMS registered 23.22% gain for a year compared to 6-month gain of 8.16%. The firm has a 50-day simple moving average (SMA 50) of $69.84 and a 200-day simple moving average (SMA200) of $62.8078.
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The stock witnessed a -3.02% loss in the last 1 month and extending the period to 3 months gives it a 4.06%, and is -3.21% 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 1.98% over the week and 1.41% over the month.
CMS Energy Corporation (CMS) has around 8356 employees, a market worth around $20.28B and $7.48B in sales. Current P/E ratio is 19.43 and Fwd P/E is 18.92. Profit margin for the company is 13.87%. Distance from 52-week low is 25.04% and -6.27% from its 52-week high. The company has generated returns on investments over the last 12 months (4.36%).
CMS Energy Corporation quarterly earnings per share for the current quarter are estimated at 0.9 with sales reaching $2.18B over the same period.The EPS is expected to grow by 7.25% this year, but quarterly earnings will post 4.80% year-over-year. Quarterly sales are estimated to grow 11.80% in year-over-year returns.
992.0 institutions hold shares in CMS Energy Corporation (CMS), with institutional investors hold 95.76% of the company’s shares. The shares outstanding are 298.79M, and float is at 296.98M with Short Float at 3.08%. Institutions hold 95.29% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 37.8 million shares valued at $2.25 billion. The investor’s holdings represent 12.7494 of the CMS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 28.61 million shares valued at $1.7 billion to account for 9.6478 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 25.06 million shares representing 8.4503 and valued at over $1.49 billion, while STATE STREET CORP holds 5.4186 of the shares totaling 16.07 million with a market value of $956.42 million.
CMS Energy Corporation (CMS) Insider Activity
The most recent transaction is an insider sale by Hofmeister Brandon J., the company’s Senior Vice President. SEC filings show that Hofmeister Brandon J. sold 2,000 shares of the company’s common stock on Sep 04 ’24 at a price of $68.85 per share for a total of $0.14 million. Following the sale, the insider now owns 66771.0 shares.
Still, SEC filings show that on Aug 01 ’24, Rich Brian F (Senior Vice President) disposed off 4,000 shares at an average price of $66.00 for $0.26 million. The insider now directly holds 94,490 shares of CMS Energy Corporation (CMS).
