Stock Surge: CMS Energy Corporation (CMS) Closes at 69.14, Marking a -0.69 Increase/Decrease

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In the latest session, CMS Energy Corporation (NYSE: CMS) closed at $69.14 down -0.69% from its previous closing price of $69.62. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 1.49 million shares were traded. CMS stock price reached its highest trading level at $70.07 during the session, while it also had its lowest trading level at $68.97.

Ratios:

For a deeper understanding of CMS Energy Corporation’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 1.97 whereas as Long-Term Debt/Eq ratio is at 1.87.

On February 02, 2024, Guggenheim Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $60 to $64.

Wolfe Research Upgraded its Peer Perform to Outperform on January 16, 2024, while the target price for the stock was maintained at $62.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 04 ’24 when Hofmeister Brandon J. sold 2,000 shares for $68.85 per share. The transaction valued at 137,709 led to the insider holds 66,771 shares of the business.

Hofmeister Brandon J. bought 2,000 shares of CMS for $137,820 on Sep 04 ’24. On Aug 01 ’24, another insider, Rich Brian F, who serves as the Senior Vice President of the company, sold 4,000 shares for $66.00 each. As a result, the insider received 263,982 and left with 94,490 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMS now has a Market Capitalization of 20654123008 and an Enterprise Value of 36628541440. As of this moment, CMS’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.28, and their Forward P/E ratio for the next fiscal year is 19.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.79 while its Price-to-Book (P/B) ratio in mrq is 2.65. Its current Enterprise Value per Revenue stands at 4.946 whereas that against EBITDA is 13.901.

Stock Price History:

Over the past 52 weeks, CMS has reached a high of $71.57, while it has fallen to a 52-week low of $52.12. The 50-Day Moving Average of the stock is 1.17%, while the 200-Day Moving Average is calculated to be 12.03%.

Shares Statistics:

For the past three months, CMS has traded an average of 2.08M shares per day and 2092360 over the past ten days. A total of 298.73M shares are outstanding, with a floating share count of 296.93M. Insiders hold about 0.60% of the company’s shares, while institutions hold 94.04% stake in the company. Shares short for CMS as of 1727654400 were 9647704 with a Short Ratio of 4.64, compared to 1724976000 on 8952889. Therefore, it implies a Short% of Shares Outstanding of 9647704 and a Short% of Float of 3.6700000000000004.

Dividends & Splits

According to the company, the forward annual dividend rate for CMS is 2.03, from 2.005 in the trailing year. Against a Trailing Annual Dividend Yield of 0.028799197The stock’s 5-year Average Dividend Yield is 2.89.

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