On Friday, CMS Energy Corporation (NYSE: CMS) opened higher 2.61% from the last session, before settling in for the closing price of $61.33. Price fluctuations for CMS have ranged from $49.87 to $63.76 over the past 52 weeks.
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During the last 5-year period, the sales growth of Utilities Sector giant was 2.33%. Company’s average yearly earnings per share was noted 7.17% at the time writing. With a float of $296.87 million, this company’s outstanding shares have now reached $298.63 million.
Let’s determine the extent of company efficiency that accounts for 8356 employees.
CMS Energy Corporation (CMS) Breakdown of a Key Holders of the stock
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 0.59%, while institutional ownership is 94.26%. The most recent insider transaction that took place on May 02 ’24, was worth 122,207. In this transaction Senior Vice President of this company sold 2,000 shares at a rate of $61.10, taking the stock ownership to the 97,682 shares. Before that another transaction happened on Feb 23 ’24, when Company’s Senior Vice President sold 3,500 for $57.78, making the entire transaction worth $202,240. This insider now owns 68,971 shares in total.
CMS Energy Corporation (CMS) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.75 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.7) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.17% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.60% during the next five years compared to 5.32% 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 1.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.26, a number that is poised to hit 0.62 in the next quarter and is forecasted to reach 3.60 in one year’s time.
Technical Analysis of CMS Energy Corporation (CMS)
Looking closely at CMS Energy Corporation (NYSE: CMS), its last 5-days average volume was 2.46 million, which is a jump from its year-to-date volume of 2.45 million. As of the previous 9 days, the stock’s Stochastic %D was 37.65%. Additionally, its Average True Range was 0.96.
During the past 100 days, CMS Energy Corporation’s (CMS) raw stochastic average was set at 91.05%, which indicates a significant increase from 80.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.81% in the past 14 days, which was lower than the 17.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.45, while its 200-day Moving Average is $57.57. However, in the short run, CMS Energy Corporation’s stock first resistance to watch stands at $63.46. Second resistance stands at $64.00. The third major resistance level sits at $64.97. If the price goes on to break the first support level at $61.95, it is likely to go to the next support level at $60.98. Now, if the price goes above the second support level, the third support stands at $60.44.
CMS Energy Corporation (NYSE: CMS) Key Stats
There are currently 298,064K shares outstanding in the company with a market cap of 18.79 billion. Presently, the company’s annual sales total 7,462 M according to its annual income of 887,000 K. Last quarter, the company’s sales amounted to 2,176 M and its income totaled 287,000 K.
