RBC Capital Keeps Their Hold Rating on CMS Energy (CMS)

In a report released on April 29, Shelby Tucker from RBC Capital maintained a Hold rating on CMS Energy (CMS – Research Report), with a price target of $65.00. The company’s shares closed yesterday at $60.61.

Tucker covers the Utilities sector, focusing on stocks such as CMS Energy, Entergy, and FirstEnergy. According to TipRanks, Tucker has an average return of 8.9% and a 70.46% success rate on recommended stocks.

In addition to RBC Capital, CMS Energy also received a Hold from Barclays’s Nicholas Campanella in a report issued yesterday. However, on April 26, Scotiabank maintained a Buy rating on CMS Energy (NYSE: CMS).

The company has a one-year high of $62.11 and a one-year low of $48.97. Currently, CMS Energy has an average volume of 2.6M.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMS in relation to earlier this year.

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CMS Energy (CMS) Company Description:

CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity. The Gas Utility segment is comprised of the purchase, transmission, storage, distribution and sale of natural gas The Enterprises segment engages primarily in domestic independent power production, marketing of independent power production and the development and operation of renewable generation. The company was founded in 1987 and is headquartered in Jackson, MI.