CMS Energy Corporation [CMS] Revenue clocked in at $6.68 billion, up 3.91% YTD: What’s Next?

CMS Energy Corporation [NYSE: CMS] jumped around 0.95 points on Tuesday, while shares priced at $65.30 at the close of the session, up 1.48%. The company report on October 29, 2020 that CMS Energy Announces Third Quarter Reported Earnings of $0.76 Per Share and Introduces 2021 EPS Guidance.

CMS Energy announced today reported net income of $218 million, or $0.76 per share, for the third quarter of 2020, compared to reported net income of $207 million, or $0.73 per share, for the same quarter in 2019. The company’s adjusted net income for the third quarter of 2020 was $221 million, or $0.77 per share. For the first nine months of 2020, the company reported net income of $597 million, or $2.09 per share, compared to reported net income of $513 million, or $1.81 per share for the same period in 2019. Adjusted net income for the first nine months of 2020 was $605 million, or $2.11 per share.

CMS Energy reaffirmed its guidance for 2020 adjusted earnings of $2.64 – $2.68* per share (*See below for important information about non-GAAP measures). Additionally, CMS Energy introduced 2021 adjusted earnings per share guidance of $2.82 to $2.86, reflecting continued strong growth of 6 to 8 percent.

CMS Energy Corporation stock is now 3.91% up from its year-to-date (YTD) trading value. CMS Stock saw the intraday high of $65.91 and lowest of $64.77 per share. The company’s 52-week high price is 69.17, which means current price is +41.86% above from all time high which was touched on 02/21/20.

Compared to the average trading volume of 1.66M shares, CMS reached a trading volume of 1278608 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about CMS Energy Corporation [CMS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMS shares is $66.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CMS stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for CMS Energy Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on September 21, 2020. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Outperform. The new note on the price target was released on July 09, 2020, representing the official price target for CMS Energy Corporation stock. Previously, the target price had yet another raise to $61.50, while Seaport Global Securities analysts kept a Buy rating on CMS stock.

The Average True Range (ATR) for CMS Energy Corporation is set at 1.22, with the Price to Sales ratio for CMS stock in the period of the last 12 months amounting to 2.81. The Price to Book ratio for the last quarter was 3.51, with the Price to Cash per share for the same quarter was set at 1.81.

How has CMS stock performed recently?

CMS Energy Corporation [CMS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.58. With this latest performance, CMS shares gained by 6.04% in over the last four-week period, additionally plugging by 19.47% over the last 6 months – not to mention a rise of 5.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CMS stock in for the last two-week period is set at 58.52, with the RSI for the last a single of trading hit 59.46, and the three-weeks RSI is set at 58.96 for CMS Energy Corporation [CMS]. The present Moving Average for the last 50 days of trading for this stock 62.48, while it was recorded at 64.09 for the last single week of trading, and 61.25 for the last 200 days.

CMS Energy Corporation [CMS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and CMS Energy Corporation [CMS] shares currently have an operating margin of +18.10 and a Gross Margin at +22.97. CMS Energy Corporation’s Net Margin is presently recorded at +9.93.

Return on Total Capital for CMS is now 7.10, given the latest momentum, and Return on Invested Capital for the company is 4.18. Return on Equity for this stock inclined to 13.92, with Return on Assets sitting at 2.65. When it comes to the capital structure of this company, CMS Energy Corporation [CMS] has a Total Debt to Total Equity ratio set at 264.91. Additionally, CMS Total Debt to Total Capital is recorded at 72.60, with Total Debt to Total Assets ending up at 49.53. Long-Term Debt to Equity for the company is recorded at 240.41, with the Long-Term Debt to Total Capital now at 65.88.

Reflecting on the efficiency of the workforce at the company, CMS Energy Corporation [CMS] managed to generate an average of $77,369 per employee. Receivables Turnover for the company is 5.82 with a Total Asset Turnover recorded at a value of 0.27.CMS Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.

Earnings analysis for CMS Energy Corporation [CMS]

With the latest financial reports released by the company, CMS Energy Corporation posted 0.68/share EPS, while the average EPS was predicted by analysts to be reported at 0.69/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CMS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CMS Energy Corporation go to 7.07%.

Insider trade positions for CMS Energy Corporation [CMS]

There are presently around $17,642 million, or 96.10% of CMS stock, in the hands of institutional investors. The top three institutional holders of CMS stocks are: VANGUARD GROUP INC with ownership of 36,186,026, which is approximately -3.592% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 25,582,396 shares of the stock with an approximate value of $1.67 billion in CMS stocks shares; and JPMORGAN CHASE & CO, currently with $1.08 billion in CMS stock with ownership of nearly 0.036% of the company’s market capitalization.

Positions in CMS Energy Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 236 institutional holders increased their position in CMS Energy Corporation [NYSE:CMS] by around 22,785,477 shares. Additionally, 294 investors decreased positions by around 17,144,929 shares, while 86 investors held positions by with 230,233,223 shares. The mentioned changes placed institutional holdings at 270,163,629 shares, according to the latest SEC report filing. CMS stock had 59 new institutional investments in for a total of 4,621,245 shares, while 64 institutional investors sold positions of 3,042,891 shares during the same period.

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