CMS Energy Corporation: Stock Analysis Report
Published: September 22, 2024
Company Overview
CMS Energy Corporation, headquartered in Jackson, Michigan, is a prominent player in the regulated electric utilities sector. Established in 1886, the company focuses on generating, purchasing, transmitting, distributing, and selling electricity via diverse sources, including coal, wind, gas, renewables, oil, and nuclear energy. It operates through three principal segments: Electric Utility, which caters to approximately 1.9 million electric customers; Gas Utility, providing services to around 1.8 million gas customers; and Enterprises, which emphasizes independent power production and renewable energy project development. With a robust financial framework, CMS Energy reported total revenue of approximately $7.41 billion, positioning the company as a strong investment opportunity in the utility industry.
Market Performance and Analyst Sentiment
Currently priced at $69.84, CMS Energy’s stock is well-positioned, with analysts projecting a target high price of $75.00, indicating significant upside potential for investors. The mean target price is estimated at $67.99, suggesting the stock may outperform its current valuation. The company has approximately 298.7 million shares outstanding, with a low short interest of around 3.41%, reflecting limited bearish sentiment among investors. This signals a prevailing confidence in the company’s stability and performance. Though there’s a lack of EBITDA data, the overall investment analysis shows positive growth potential, as reflected by an average analyst recommendation score of 2.2, corresponding to a “buy” rating.
Technical Indicators
In terms of technical performance, the fifty-day moving average stands at 66.11, confirming a short-term upward trend. The stock is performing robustly, near its fifty-two week high of 70.74, which further underscores its recovering strength over the past year. The fifty-two week low of 49.87 provides context for its significant rebound, indicating a bullish sentiment among investors. As CMS Energy continues to thrive in the regulated electric utility marketplace, its investment viability remains robust, bolstered by positive market trends and analyst recommendations.
Investors should consider CMS Energy Corporation not only for its operational resilience but also as a strong candidate for future investment growth in the ever-evolving energy sector.
| Metric | Value |
|---|---|
| Market Cap | $20.9b |
| Total Debt | $15.8b |
| Total Cash | $699.0m |
| Shares Outstanding | 298.7m |
| Float Shares | 296.8m |
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