On May 22, 2023, CMS Energy Corporation (NYSE: CMS) opened at $58.78, higher 0.46% from the last session. During the day, the shares moved up to $59.34 and dropped to $58.61 before settling in for the closing price of $58.63. Price fluctuations for CMS have ranged from $52.41 to $71.97 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 5.50% over the past five years. Company’s average yearly earnings per share was noted 8.70% at the time writing. With a float of $288.35 million, this company’s outstanding shares have now reached $290.70 million.
Let’s look at the performance matrix of the company that is accounted for 8560 employees. In terms of profitability, gross margin is +19.03, operating margin of +14.24, and the pretax margin is +10.49.
CMS Energy Corporation (CMS) Insider Updates
A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of CMS Energy Corporation is 0.45%, while institutional ownership is 94.00%. The most recent insider transaction that took place on Mar 16, was worth 246,880. In this transaction Senior Vice President of this company sold 4,000 shares at a rate of $61.72, taking the stock ownership to the 91,927 shares. Before that another transaction happened on Mar 13, when Company’s Senior Vice President sold 1,250 for $60.00, making the entire transaction worth $75,002. This insider now owns 62,881 shares in total.
CMS Energy Corporation (CMS) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0.7 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.76) by -$0.06. This company achieved a net margin of +9.69 while generating a return on equity of 12.21. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.75% during the next five years compared to 3.80% growth over the previous five years of trading.
CMS Energy Corporation (NYSE: CMS) Trading Performance Indicators
Check out the current performance indicators for CMS Energy Corporation (CMS). In the past quarter, the stock posted a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.11, a number that is poised to hit 0.68 in the next quarter and is forecasted to reach 3.35 in one year’s time.
Technical Analysis of CMS Energy Corporation (CMS)
CMS Energy Corporation (NYSE: CMS) saw its 5-day average volume 2.04 million, a positive change from its year-to-date volume of 2.03 million. As of the previous 9 days, the stock’s Stochastic %D was 12.27%. Additionally, its Average True Range was 1.07.
During the past 100 days, CMS Energy Corporation’s (CMS) raw stochastic average was set at 21.79%, which indicates a significant increase from 15.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.74% in the past 14 days, which was lower than the 20.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $61.00, while its 200-day Moving Average is $61.91. Nevertheless, the first resistance level for the watch stands at $59.29 in the near term. At $59.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $60.02. If the price goes on to break the first support level at $58.56, it is likely to go to the next support level at $58.22. Assuming the price breaks the second support level, the third support level stands at $57.83.
CMS Energy Corporation (NYSE: CMS) Key Stats
There are currently 291,656K shares outstanding in the company with a market cap of 17.21 billion. Presently, the company’s annual sales total 8,596 M according to its annual income of 837,000 K. Last quarter, the company’s sales amounted to 2,284 M and its income totaled 204,000 K.
