Home Stock Earnings Investing in CMS Energy Corporation (CMS) Is Getting More Attractive

Investing in CMS Energy Corporation (CMS) Is Getting More Attractive

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Investing in CMS Energy Corporation (CMS) Is Getting More Attractive
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In a filing, CMS Energy Corporation revealed its VP, Controller, CAO McIntosh Scott B unloaded Company’s shares for reported $0.35 million on Nov 01. In the deal valued at $57.37 per share,6,096 shares were sold. As a result of this transaction, McIntosh Scott B now holds 16,811 shares worth roughly $ 0.95 million.


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Then, McIntosh Scott B sold 875 shares, generating $50,028 in total proceeds. Upon selling the shares at $57.17, the VP, Controller, CAO now owns 22,907 shares.

Before that, Johnson Shaun M sold 736 shares. CMS Energy Corporation shares valued at $49,880 were divested by the SVP and General Counsel at a price of $67.77 per share. As a result of the transaction, Johnson Shaun M now holds 44,543 shares, worth roughly $2.52 million.

Seaport Research Partners upgraded its CMS Energy Corporation [CMS] rating to a Buy from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of 10.13 to its Monday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in late April with a ‘”a Neutral”‘ rating. Barclays also remained covering CMS and has decreased its forecast on April 19, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. KeyBanc Capital Markets revised its rating on April 07, 2022. It rated CMS as “a Sector weight” which previously was an “an Overweight”.

Price Performance Review of CMS

On Monday, CMS Energy Corporation [NYSE:CMS] saw its stock fall -0.72% to $56.62. On the same session, the stock had its day’s lowest price of $55.55, but rose to a high of $57.189. Over the last five days, the stock has lost -0.75%. CMS Energy Corporation shares have fallen nearly -12.96% since the year began. Nevertheless, the stocks have fallen -6.44% over the past one year. While a 52-week high of $73.76 was reached on 04/21/22, a 52-week low of $52.41 was recorded on 10/13/22. SMA at 50 days reached $61.12, while 200 days put it at $65.85. A total of 1.98 million shares were traded, compared to the trading of 1.12 million shares in the previous session.

Levels Of Support And Resistance For CMS Stock

The 24-hour chart illustrates a support level at 55.72, which if violated will result in even more drops to 54.81. On the upside, there is a resistance level at 57.36. A further resistance level may holdings at 58.09. The Relative Strength Index (RSI) on the 14-day chart is 44.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.87%. Stochastics %K at 66.67% indicates the stock is a holding.

How much short interest is there in CMS Energy Corporation?

A steep rise in short interest was recorded in CMS Energy Corporation stocks on Jul 14, 2022, growing by 0.52 million shares to a total of 4.7 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.18 million shares. There was a rise of 11.06%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.85% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.39.

CMS Energy Corporation [CMS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 35,359,567 shares, or roughly 12.19% of the outstanding CMS shares. In other words, the investor’s shares have risen by 664,570 from its previous 13-F filing of 34694997.0. Additionally, BlackRock Fund Advisors increased 6.09% of its stake after which the total value it holdings stand at $1,147,891,821, while SSgA Funds Management, Inc. added 2.70% of its stake to hold $976.88 million in the firm. Over the last quarter, JPMorgan Investment Management, I purchased 283,538 shares of CMS Energy Corporation, while T. Rowe Price Associates, Inc. bought -4,990,345 shares. At present, Capital Research & Management Co is holding 9,852,247 shares valued at $573.79 million. Capital Research & Management Co owned 6,178,333 shares of the company at the time of its most recent 13F filing, worth $359.83 million.

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