Currently, there are 294.40M common shares owned by the public and among those 292.69M shares have been available to trade.
Insiders at the company have transacted a total of 40 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 52,862 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 68,279 shares.
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The company’s stock has a 5-day price change of 0.76% and 2.45% over the past three months. CMS shares are trading 0.12% year to date (YTD), with the 12-month market performance up to 0.62% higher. It has a 12-month low price of $49.87 and touched a high of $63.76 over the same period. CMS has an average intraday trading volume of 2.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.97%, 1.23%, and 1.35% respectively.
Institutional ownership of CMS Energy Corporation (NYSE: CMS) shares accounts for 96.62% of the company’s 294.40M shares outstanding.
It has a market capitalization of $17.12B and a beta (3y monthly) value of 0.37. The stock’s trailing 12-month PE ratio is 19.38, while the earnings-per-share (ttm) stands at $3.00. The company has a PEG of 2.48 and a Quick Ratio of 0.66 with the debt-to-equity ratio at 2.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.72% over the week and 1.69% over the month.
Analysts forecast that CMS Energy Corporation (CMS) will achieve an EPS of $1.1 for the current quarter, $0.55 for the next quarter and $3.61 for 2025. The lowest estimate earnings-per-share for the quarter is $0.53 while analysts give the company a high EPS estimate of $1.42. Comparatively, EPS for the current quarter was $0.7 a year ago. Earnings per share for the fiscal year are expected to increase by 7.34%, and 8.17% over the next financial year. EPS should grow at an annualized rate of 7.80% over the next five years, compared to 5.32% over the past 5-year period.
Looking at the support for the CMS, a number of firms have released research notes about the stock. Guggenheim stated their Buy rating for the stock in a research note on February 02, 2024, with the firm’s price target at $60-$64. Wolfe Research coverage for the CMS Energy Corporation (CMS) stock in a research note released on January 16, 2024 offered a Outperform rating with a price target of $62. Seaport Research Partners was of a view on January 08, 2024 that the stock is Neutral, while KeyBanc Capital Markets gave the stock Overweight rating on October 05, 2023, issuing a price target of $57. Barclays on their part issued Equal Weight rating on August 23, 2023.
