JPMorgan Investment Management, I has recently announced that it has increased stake in CMS Energy Corporation (NYSE:CMS) by 0.43%. After grabbing 17.55 million shares, the institutional investor is now in possession of 75133.0 shares of the Utilities Company. The new investment brought the stake of investor firm to 6.02% having worth around $996.21 million. Moreover, Geode Capital Management LLC increased its share by 0.12 million to have a control over 6.64 million shares. And Capital Research & Management Co raised its holdings to 0.97 million shares by acquiring 5.53 million shares or 1.90% of the stake.
CMS Energy Corporation (CMS) concluded trading on 12/21/23 at a closing price of $56.91, with 2.02 million shares of worth about $115.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.87% during that period and on Thursday the price saw a loss of about -0.33%. Currently the company’s common shares owned by public are about 291.30M shares, out of which, 290.31M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the CMS stock and their offered price forecasts bring an average price target of $60.79. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $65.00 and could fall to a lowest price of $55.00. The stock’s current price level is 6.38% above of average price target set by the analysts, while a rise to estimated low would result in loss of -3.47% for the stock. However, touching the estimated high of $65.00 would mean a gain of 12.45% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 71 times over the past 12 months. They bought 264,307 shares in 31 of the transactions. In 40 selling transactions, insiders dumped 96,792 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in CMS Energy Corporation Vanguard Total Stock Market ETF is currently holding 9.13 million shares of worth totaling $518.23 million. The company recently came buying 43065.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard 500 Index Fund bought 31044.0 shares, after which its hold over company’s outstanding shares expand to 2.41%, leaving 7.04 million shares with the mutual fund that have a worth of about $399.72 million. Vanguard Mid Cap Index Fund, after buying 6.62 million shares, have now control over 2.27% of the stake in the company. It holds 12208.0 shares of worth $375.78 million.
CMS Energy Corporation (NYSE: CMS) started trading at $57.06, below -$0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 57.52, or with a loss of -0.33%. Stock saw a price change of -3.48% in past 5 days and over the past one month there was a price change of 0.14%. Year-to-date (YTD), CMS shares are showing a performance of -10.14% which decreased to -7.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.87 but also hit the highest price of $65.72 during that period. The average intraday trading volume for CMS Energy Corporation shares is 2.77 million. The stock is currently trading -1.63% below its 20-day simple moving average (SMA20), while that difference is up 1.38% for SMA50 and it goes to -2.27% lower than SMA200.
JPMorgan Investment Management, I acquired 17.55 million shares of CMS Energy Corporation having value of about $996.21 million. Data submitted at the U.S SEC by JPMorgan Investment Management, I revealed that the firm now holds 75133.0 shares in the company valued at close to $4275819.03, or have control over 0.43% stake in the company. CMS Energy Corporation (NYSE: CMS) currently have 291.30M outstanding shares and institutions hold larger chunk of about 95.96% of that. Holding of mutual funds in the company is about 36.68% while other institutional holders and individual stake holders have control over 60.19% and 1.50% of the stake respectively.
The stock has a current market capitalization of $16.60B and its 3Y-monthly beta is at 0.39. PE ratio of stock for trailing 12 months is 22.43, while it has posted earnings per share of $2.54 in the same period. Its PEG reads 2.91 and has Quick Ratio of 0.51 while making debt-to-equity ratio of 2.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CMS, volatility over the week remained 1.46% while standing at 1.71% over the month.
Analysts are in expectations that CMS Energy Corporation (CMS) stock would likely to be making an EPS of $1 in the current quarter, while forecast for next quarter EPS is $1 and it is $3.34 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.53 which is $1.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.6 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.24% while it is estimated to increase by 7.83% in next year. EPS is likely to shrink at an annualized rate of 7.70% for next 5-years, compared to annual growth of 11.70% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the CMS Energy Corporation (CMS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 18 Wall Street analysts, 9 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by KeyBanc Capital Markets on October 05, 2023 offering an Overweight rating for the stock and assigned a target price of $57 to it.
