CMS Energy Corporation (CMS) displayed mixed performance recently with periods of underperformance followed by some outperformance against its competitors. The company's stock saw a new 12-month high at $65.14 and has been upgraded from “Hold” to “Buy” by StockNews.com, indicating potential growth. Earnings consistently beat estimates for both Q1 and Q2 of 2024, and strong 2023 results led to improved 2024 Adjusted EPS Guidance. Reinforcing investor confidence, quarterly dividends on common and preferred stock were declared multiple times. Lazard Asset Management, Bayesian Capital Management, and Capital International Sarl significantly increased their positions in CMS. Companies like Comerica Bank and JPMorgan Chase have notable investment positions. Nevertheless, some sell-offs have occurred, like SVP Brian Rich selling 4,000 of his shares and Mitsubishi UFJ Trust reducing its stake. However, several deals, like a 100MW Battery Storage agreement and a large-scale Solar Farm project in Michigan, show progress towards renewable expansion. Negative points include criticism on overpricing and concerns over CEO's pay rise.
Cms Energy Corporation CMS News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 04 Aug 2024 14:35:28 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -1
