In a report released today, Shelby Tucker from RBC Capital reiterated a Hold rating on CMS Energy (NYSE: CMS), with a price target of $46. The company’s shares closed yesterday at $41.53.
According to TipRanks.com, Tucker is a 2-star analyst with an average return of 0.2% and a 52.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp., Public Service Enterprise, and American Electric Power.
CMS Energy has an analyst consensus of Hold, with a price target consensus of $44.
The company has a one year high of $46.25 and a one year low of $35.49. Currently, CMS Energy has an average volume of 1.88M.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock.
CMS Energy Corp. is an energy company, which engages in production independent power and owns power generation facilities fueled by natural gas and biomass. It operates its business through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment generates purchases, distributes and sells electricity. Its customer base consists of a mix of residential, commercial, and diversified industrial customers in Michigan’s Lower Peninsula. The Gas Utility segment is engaged in the purchase, transmission, storage, distribution, and sale of natural gas. Its customer base consists of a mix of residential, commercial, and diversified industrial customers in Michigan’s Lower Peninsula. The Enterprises segment undertakes primarily in independent power generation and owns power generation facilities fueled by natural gas and biomass through its various subsidiaries and certain equity investments. The company was founded in 1987 and is headquartered in Jackson, MI.
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