CMS Energy Corporation (CMS), headquartered in Jackson, Michigan, is a prominent energy company focused on providing electric and natural gas services to millions of customers across Michigan, with a market cap of $20.86 billion.
Companies valued at $10 billion or more are classified as "large-cap" stocks, and CMS Energy exemplifies this category with its strong regional presence and consistent growth in the energy sector. As a leader in electric and natural gas services, CMS Energy plays a critical role in delivering reliable energy solutions while driving innovation through clean energy initiatives, contributing to a more sustainable future for its customers and communities.
CMS shares are trading 1.3% below their 52-week high of $70.74, which they hit on Sep. 17. The stock has gained 17.4% over the past three months, outperforming the broader S&P 500 Index ($SPX), which has gained 4.2% over the same time frame.
In the longer term, CMS is up 20.3% on a YTD basis, and the shares have gained 22.9% over the past 52 weeks. In comparison, the SPX has gained 19.6% in 2024 and rallied 29.5% over the past year.
To confirm its bullish trend, CMS has been trading above its 50-day moving average since mid-July and the 200-day moving average since mid-April.
On Jul. 25, CMS reported its Q2 results. Its adjusted EPS of $0.66 beat the consensus estimates of $0.63. The company’s revenue of $1.61 billion fell short of Wall Street forecasts of $1.69 billion. CMS expects full-year adjusted EPS to be between $3.29 and $3.35. CMS shares gained 1.2% on the day the results were released.
Highlighting the contrast in performance, CMS’ competitor, Dominion Energy, Inc. (D), has outperformed both the stock and the broader index. D has gained 23.3% on a YTD basis.
Given the stock's strong recent price performance, analysts are moderately bullish about CMS' prospects. The stock has a consensus rating of "Moderate Buy" from 15 analysts in coverage. The mean price target is $69.07, which indicates that the stock trades at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
