CMS Energy Corporation [CMS] Is Currently -0.17 below its 200 Period Moving Avg: What Dose This Mean?

CMS Energy Corporation [NYSE: CMS] loss -0.17% or -0.1 points to close at $59.81 with a heavy trading volume of 3410367 shares. The company report on June 23, 2021 that Consumers Energy Announces Plan to End Coal Use by 2025; Lead Michigan’s Clean Energy Transformation.

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Consumers Energy announced a sweeping proposal to stop using coal as a fuel source for electricity by 2025 —15 years faster than currently planned. The plan would make the company one of the first in the nation to go coal-free and provide a 20-year blueprint to meet Michigan’s energy needs while protecting the environment for future generations.

“We are proud to lead Michigan’s clean energy transformation and be one of the first utilities in the country to end coal use,” President and CEO Garrick Rochow said. “We are committed to being a force of change and good stewards of our environment, producing reliable, affordable energy for our customers while caring for our communities during this transition.”.

It opened the trading session at $59.86, the shares rose to $59.95 and dropped to $58.63, the range by which the price of stock traded the whole day. The daily chart for CMS points out that the company has recorded 0.34% gains over the past six months. However, it is still -12.45% lower than its most recent low trading price.

If we look at the average trading volume of 2.39M shares, CMS reached to a volume of 3410367 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $65.96 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.

Vertical Research have made an estimate for CMS Energy Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 09, 2021. While these analysts kept the previous recommendation, Mizuho raised their target price from $60 to $65. The new note on the price target was released on April 12, 2021, representing the official price target for CMS Energy Corporation stock. On March 10, 2021, analysts decreased their price target for CMS shares from 75 to 67.

The Average True Range (ATR) for CMS Energy Corporation is set at 1.02, with the Price to Sales ratio for CMS stock in the period of the last 12 months amounting to 2.52. The Price to Book ratio for the last quarter was 3.01, with the Price to Cash per share for the same quarter was set at 1.71.

Trading performance analysis for CMS stock

CMS Energy Corporation [CMS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.33. With this latest performance, CMS shares dropped by -4.49% in over the last four-week period, additionally plugging by 0.34% over the last 6 months – not to mention a drop of -0.37% 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 46.03, with the RSI for the last a single of trading hit 49.34, and the three-weeks RSI is set at 45.42 for CMS Energy Corporation [CMS]. The present Moving Average for the last 50 days of trading for this stock 61.93, while it was recorded at 59.54 for the last single week of trading, and 60.75 for the last 200 days.

CMS Energy Corporation [CMS]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and CMS Energy Corporation [CMS] shares currently have an operating margin of +20.39 and a Gross Margin at +25.76. CMS Energy Corporation’s Net Margin is presently recorded at +11.30.

Return on Total Capital for CMS is now 6.87, given the latest momentum, and Return on Invested Capital for the company is 4.16. Return on Equity for this stock inclined to 14.36, with Return on Assets sitting at 2.67. When it comes to the capital structure of this company, CMS Energy Corporation [CMS] has a Total Debt to Total Equity ratio set at 277.11. Additionally, CMS Total Debt to Total Capital is recorded at 73.48, with Total Debt to Total Assets ending up at 51.34. Long-Term Debt to Equity for the company is recorded at 249.55, with the Long-Term Debt to Total Capital now at 66.17.

Reflecting on the efficiency of the workforce at the company, CMS Energy Corporation [CMS] managed to generate an average of $80,792 per employee. Receivables Turnover for the company is 5.85 with a Total Asset Turnover recorded at a value of 0.24.CMS Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.

CMS Energy Corporation [CMS]: An earnings per share (EPS) analysis

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 6.64%.

An analysis of insider ownership at CMS Energy Corporation [CMS]

There are presently around $15,606 million, or 92.40% of CMS stock, in the hands of institutional investors. The top three institutional holders of CMS stocks are: VANGUARD GROUP INC with ownership of 35,076,679, which is approximately 0.723% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 25,218,582 shares of the stock with an approximate value of $1.51 billion in CMS stocks shares; and JPMORGAN CHASE & CO, currently with $1.28 billion in CMS stock with ownership of nearly 0.024% of the company’s market capitalization.

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Positions in CMS Energy Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 274 institutional holders increased their position in CMS Energy Corporation [NYSE:CMS] by around 20,372,338 shares. Additionally, 266 investors decreased positions by around 19,886,399 shares, while 86 investors held positions by with 220,674,537 shares. The mentioned changes placed institutional holdings at 260,933,274 shares, according to the latest SEC report filing. CMS stock had 79 new institutional investments in for a total of 2,137,842 shares, while 66 institutional investors sold positions of 4,215,407 shares during the same period.

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