CMS Stock Summary and Trading Ideas (CMS Energy | NYSE:CMS)

CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.

CMS Energy trades on the NYSE stock market under the symbol CMS.

As of May 16, 2024, CMS stock price climbed to $63.29 with 214,803 million shares trading.

CMS has a beta of 0.26, meaning it tends to be less sensitive to market movements. CMS has a correlation of 0.03 to the broad based SPY ETF.

CMS has a market cap of $18.90 billion. This is considered a Large Cap stock.

Last quarter CMS Energy reported $2 billion in Revenue and $.97 earnings per share. This fell short of revenue expectation by $-164 million and exceeded earnings estimates by $.03.

In the last 3 years, CMS stock traded as high as $73.76 and as low as $49.87.

The top ETF exchange traded funds that CMS belongs to (by Net Assets): VTI, VOO, VO, XLU, JEPI.

CMS has underperformed the market in the last year with a price return of +7.5% while the SPY ETF gained +30.2%. However, in the short term, CMS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.5% vs +6.1% return in SPY. But in the last 2 weeks, CMS shares have been beat by the market, returning +4.9% compared to an SPY return of +6.1%.

CMS support price is $62.33 and resistance is $63.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CMS stock will trade within this expected range on the day.