68.5 F
New York
Tuesday, September 29, 2020

Is Now the Time to Invest in CMS Energy Corporation (NYSE:CMS)?

Must read

Renewed Optimism is Surrounding Enterprise Products Partners L.P. (NYSE:EPD)

Enterprise Products Partners L.P. (EPD) shares are trading at higher $16.02 and the avg recommendation for the stock is Strong Buy, while the current...

Is Now the Time to Invest in American International Group Inc. (NYSE:AIG)?

American International Group Inc. (AIG) shares are trading at higher $27.63 and the avg recommendation for the stock is Moderate Buy, while the current...

Gerdau S.A. (NYSE:GGB) Finding Zero Support

Gerdau S.A. (GGB) shares are trading at lower $3.62 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

The TJX Companies Inc. (NYSE:TJX) is Gaining Momentum on Earnings Catalyst

The TJX Companies Inc. (TJX) shares are trading at higher $55.60 and the avg recommendation for the stock is Strong Buy, while the current...

The CMS Energy Corporation (CMS) shares are trading at lower $58.99 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $63.38.

To add more color to this target, the company’s high over the last year is $69.17 and the low is $46.03. Over the last 52 weeks, CMS is down -14.72% while the S&P 500 is down -0.57%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CMS reported a profit of $368.0 million. CMS Energy Corporation also saw revenues increase to $1.86 billion. In addition, CMS has free cash flow of -$322.0 million as of 03-2020. The company’s EBITDA came in at $684.0 million which compares well with its peers.

CMS booked profit margins of 10.70%, its Return on Equity (ROE) is 14.20%, and its Return on Assets is 2.70%. All told, it is clear that, CMS needs to be on your watchlist.

Find out when CMS reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CMS has a short ratio of 2.22 and outstanding shares of 286.22M.

Company Outlook

CMS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.17 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.38. CMS Energy Corporation CMS also noted assets of $27.45 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CMS has historically followed its peers on positive news.

All told, CMS Energy Corporation CMS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CMS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

CMS Energy Corporation CMS is now commanding a market cap of 16.79B and a float of 284.68M. CMS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CMS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CMS, either long or short, and we have not been compensated for this article.

Latest article

Is Now the Time to Invest in Equitrans Midstream Corporation (NYSE:ETRN)?

Equitrans Midstream Corporation (ETRN) shares are trading at higher $8.70 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Golar LNG Limited (NASDAQ:GLNG) Stock is Plummeting, Here is Why

Golar LNG Limited (GLNG) shares are trading at lower $6.06 and the avg recommendation for the stock is Strong Buy. To add more color...

Under Armour Inc. (NYSE:UAA) is Holding Steady

Under Armour Inc. (UAA) shares are trading at higher $11.43 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Investor Confidence is Rising for Colony Capital Inc. (NYSE:CLNY)

Colony Capital Inc. (CLNY) shares are trading at higher $2.73 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Lumen Technologies Inc. (NYSE:LUMN) is Gaining Momentum on Earnings Catalyst

Lumen Technologies Inc. (LUMN) shares are trading at higher $10.28. To add more color to this target, the company’s high over the last year...