Upward Trajectory: CMS Energy Corporation (CMS) Posts a Slidee, Closing at 69.23

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The closing price of CMS Energy Corporation (NYSE: CMS) was $69.23 for the day, down -1.10% from the previous closing price of $70.00. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 2.27 million shares were traded. CMS stock price reached its highest trading level at $69.68 during the session, while it also had its lowest trading level at $68.83.

Ratios:

Our analysis of CMS’s different ratios will help us gain a deeper understanding of the company. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 20911060992 and an Enterprise Value of 36512038912. As of this moment, CMS’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.31, and their Forward P/E ratio for the next fiscal year is 19.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.80. 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 2.66. Its current Enterprise Value per Revenue stands at 4.93 whereas that against EBITDA is 13.857.

Stock Price History:

Over the past 52 weeks, CMS has reached a high of $70.74, while it has fallen to a 52-week low of $49.87. The 50-Day Moving Average of the stock is 5.33%, while the 200-Day Moving Average is calculated to be 13.98%.

Shares Statistics:

CMS traded an average of 2.05M shares per day over the past three months and 2222210 shares per day over the past ten days. A total of 298.73M shares are outstanding, with a floating share count of 296.91M. Insiders hold about 0.61% of the company’s shares, while institutions hold 93.95% stake in the company. Shares short for CMS as of 1724976000 were 8952889 with a Short Ratio of 4.37, compared to 1722384000 on 8194362. Therefore, it implies a Short% of Shares Outstanding of 8952889 and a Short% of Float of 3.4099999999999997.

Dividends & Splits

With its trailing 12-month dividend rate of 2.005, CMS has a forward annual dividend rate of 2.03. Against a Trailing Annual Dividend Yield of 0.02864286The stock’s 5-year Average Dividend Yield is 2.88.

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