CMS Energy Corporation (NYSE:CMS) shares traded 1.80% higher at $68.33 on Wall Street last session.
CMS stock price is now 1.92% away from the 50-day moving average and 4.08% away from the 200-day moving average. The market capitalization of the company currently stands at $20.42B.
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On November 05, 2024, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $76, while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, RUSSELL JOHN G, Director sold 28,750 shares of the company’s stock on Dec 19 ’24. The stock was sold for $1,893,187 at an average price of $65.85. Upon completion of the transaction, the Director now directly owns 144,059 shares in the company, valued at $9.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, Senior Vice President Hofmeister Brandon J. sold 2,000 shares of the business’s stock. A total of $134,443 was realized by selling the stock at an average price of $67.22. This leaves the insider owning 63,197 shares of the company worth $4.32 million. A total of 0.64% of the company’s stock is owned by insiders.
During the past 12 months, CMS Energy Corporation has had a low of $55.10 and a high of $72.40. As of last week, the company has a debt-to-equity ratio of 1.99, a current ratio of 1.23, and a quick ratio of 0.83. According to the stock market information, the enterprise value for the company is $36563439616, which is based on a 19.57 price-to-earnings ratio, a 2.58 price-to-earnings-growth ratio, and a beta of 0.37. The fifty day moving average price for CMS is $67.0604 and a two-hundred day moving average price translates $65.60885 for the stock.
The latest earnings results from CMS Energy Corporation (NYSE: CMS) was released for 2024-09-30. The net profit margin was 13.87% and return on equity was 13.69% for CMS. The company reported revenue of $1.74 billion for the quarter, compared to $1.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.18 percent.
