CMS Energy Corporation [NYSE: CMS] loss -1.47% or -0.99 points to close at $66.38 with a heavy trading volume of 2972493 shares. The company report on July 7, 2022 that CMS Energy to Announce 2022 Second Quarter Results on July 28.
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CMS Energy announced today it will provide 2022 second quarter results along with a business and financial outlook at 9:30 a.m. EDT on Thursday, July 28, 2022.
A webcast of the presentation will be available on CMS Energy’s website, cmsenergy.com. An audio replay will be available approximately three hours after the webcast and will be archived for 30 days on CMS Energy’s website in the “Investor Relations” section.
It opened the trading session at $67.45, the shares rose to $67.76 and dropped to $66.34, the range by which the price of stock traded the whole day. The daily chart for CMS points out that the company has recorded 2.76% gains over the past six months. However, it is still -13.45% lower than its most recent low trading price.
If we look at the average trading volume of 1.90M shares, CMS reached to a volume of 2972493 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 $71.17 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 2.60. 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.
Credit Suisse have made an estimate for CMS Energy Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 26, 2022. While these analysts kept the previous recommendation, Barclays raised their target price from $70 to $76. The new note on the price target was released on April 19, 2022, representing the official price target for CMS Energy Corporation stock. On December 17, 2021, analysts increased their price target for CMS shares from 65 to 67.
The Average True Range (ATR) for CMS Energy Corporation is set at 1.65, with the Price to Sales ratio for CMS stock in the period of the last 12 months amounting to 2.45. The Price to Book ratio for the last quarter was 2.90, with the Price to Cash per share for the same quarter was set at 1.57.
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 -0.18. With this latest performance, CMS shares dropped by -6.77% in over the last four-week period, additionally plugging by 2.76% over the last 6 months – not to mention a rise of 10.36% 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 48.63, with the RSI for the last a single of trading hit 49.92, and the three-weeks RSI is set at 47.91 for CMS Energy Corporation [CMS]. The present Moving Average for the last 50 days of trading for this stock 67.97, while it was recorded at 67.28 for the last single week of trading, and 64.92 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 +15.64 and a Gross Margin at +20.94. CMS Energy Corporation’s Net Margin is presently recorded at +10.25.
Return on Equity for this stock inclined to 12.39, with Return on Assets sitting at 2.57.
CMS Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.
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 8.48%.
An analysis of insider ownership at CMS Energy Corporation [CMS]
There are presently around $17,652 million, or 95.80% of CMS stock, in the hands of institutional investors. The top three institutional holders of CMS stocks are: VANGUARD GROUP INC with ownership of 35,952,157, which is approximately -0.017% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 25,008,504 shares of the stock with an approximate value of $1.66 billion in CMS stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.14 billion in CMS stock with ownership of nearly -15.405% of the company’s market capitalization.
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 335 institutional holders increased their position in CMS Energy Corporation [NYSE:CMS] by around 19,253,468 shares. Additionally, 234 investors decreased positions by around 18,634,823 shares, while 107 investors held positions by with 228,032,274 shares. The mentioned changes placed institutional holdings at 265,920,565 shares, according to the latest SEC report filing. CMS stock had 98 new institutional investments in for a total of 5,145,367 shares, while 44 institutional investors sold positions of 1,719,636 shares during the same period.