In yesterday’s Wall Street session, CMS Energy Corporation (NYSE:CMS) shares traded at $58.06, down -0.97% from the previous session.
16 analysts cover CMS Energy Corporation (NYSE:CMS), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $77.00 and a low of $63.00, we find $67.50. Given the previous closing price of $58.63, this indicates a potential upside of 15.13 percent. CMS stock price is now -4.79% away from the 50-day moving average and -6.16% away from the 200-day moving average. The market capitalization of the company currently stands at $16.97B.
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The stock has received a hold rating from 9 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $68.33 as their price target over the next twelve months.
In other news, Rich Brian F, Senior Vice President sold 4,000 shares of the company’s stock on Mar 16. The stock was sold for $246,880 at an average price of $61.72. Upon completion of the transaction, the Senior Vice President now directly owns 91,927 shares in the company, valued at $5.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, Senior Vice President Hofmeister Brandon J. sold 1,250 shares of the business’s stock. A total of $75,002 was realized by selling the stock at an average price of $60.00. This leaves the insider owning 62,881 shares of the company worth $3.65 million. Insiders disposed of 72,259 shares of company stock worth roughly $4.2 million over the past 1 year. A total of 0.45% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CMS stock. A new stake in CMS Energy Corporation shares was purchased by PERPETUAL LTD during the first quarter worth $127,459,000. INDUSTRIAL ALLIANCE INVESTMENT MANAGEMENT INC. invested $8,553,000 in shares of CMS during the first quarter. In the first quarter, LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in CMS Energy Corporation valued at approximately $8,209,000. ALERUS FINANCIAL NA acquired a new stake in CMS for approximately $7,449,000. WALLEYE CAPITAL LLC purchased a new stake in CMS valued at around $4,669,000 in the second quarter. In total, there are 910 active investors with 94.00% ownership of the company’s stock.
On Wednesday morning CMS Energy Corporation (NYSE: CMS) stock kicked off with the opening price of $58.48. During the past 12 months, CMS Energy Corporation has had a low of $52.41 and a high of $71.97. As of last week, the company has a debt-to-equity ratio of 2.11, a current ratio of 1.00, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $32.53B, which is based on a 27.50 price-to-earnings ratio, a 3.55 price-to-earnings-growth ratio, and a beta of 0.36. The fifty day moving average price for CMS is $60.94 and a two-hundred day moving average price translates $61.82 for the stock.
The latest earnings results from CMS Energy Corporation (NYSE: CMS) was released for Mar, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.7, missing analysts’ expectations of $0.76 by -0.06. This compares to $1.21 EPS in the same period last year. The net profit margin was 8.00% and return on equity was 10.00% for CMS. The company reported revenue of $2.28 billion for the quarter, compared to $2.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.79 percent. For the current quarter, analysts expect CMS to generate $2.02B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/31/2023. Investors who held shares on 05/05/2023 were paid a $0.4875 dividend. On an annualized basis, this represents a $1.95 dividend and a 3.36% percent yield. There was an ex-dividend date of 05/04/2023 for this dividend. In terms of dividend payout ratio, CMS is presently at 79.80%.
CMS Energy Corporation(CMS) Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
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