Top 4 Undervalued Stocks for 2024
Smart investors are always trying to get the best possible deal on whatever security or asset they are buying. The better the deal, the higher the chance of generating a substantial ROI. Within this report you'll find 4 stocks selling below intrinsic value with growth potential.
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Shares Stats
| Shares Outstanding | 288,943,008 |
| Shares Float | 287,226,339 |
| Shares Short | 3,352,133 |
| Insider Holdings | 45% |
| Institution Holdings | 92.85% |
About CMS Energy Corporation
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 205 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 77,833 miles of electric distribution overhead lines; 9,264 miles of underground distribution lines; 1,096 substations; and 2 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,410 miles of transmission lines; 15 gas storage fields; 27,958 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It owns interests in independent power plants totalling 1,838 megawatts. The EnterBank segment operates an industrial bank providing unsecured installment loans for financing home improvements. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.
General
| Name | CMS Energy Corporation |
| Ticker | CMS |
| Exchange | NYSE |
| Sector | Utilities |
| Industry | Utilities-Regulated Electric |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 8,148 |
Highlights
| Analyst Target | 64.41 |
| Market Cap | 16,767,362,048 |
| PE Ratio | 19.63 |
| PEG Ratio | 2.87 |
| EBITDA | 2,385,999,872 |
Financials
| Curr Year EPS Estimate | 2.85 |
| Next Quarter EPS Estimate | 0.97 |
| Profit Margin | 0.11 |
| Return on Assets | 0.03 |
| Return on Equity | 0.14 |
| Revenue | 6,680,000,000 |
| Earnings Per Share | 2.64 |
| Revenue Per Share | 23.44 |
| Gross Profit | 2,769,000,000 |
| Quarterly Revenue Growth | 0.00 |
Valuation
| Trailing PE | 21.98 |
| Forward PE | 20.33 |
| Price/Sales (Trailing 12 Mt.) | 2.48 |
| Price/Book (Most Recent Quarter) | 3.04 |
Dividend
CMS Energy Corporation pays out a dividend of $1.63 per share, with a dividend yield of 3.13%.
CMS's last dividend payment was made to shareholders on February 26, 2021.
They pay out 61.67% of their earnings out as a dividend.
Recent Dividends
| May 31, 2024 | $0.52 |
| Feb 29, 2024 | $0.52 |
| Nov 30, 2023 | $0.49 |
| Aug 31, 2023 | $0.49 |
| May 31, 2023 | $0.49 |
| Feb 28, 2023 | $0.49 |
| Nov 30, 2022 | $0.46 |
| Oct 1, 2022 | $0.45 |
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