KeyBanc analyst Sophie Karp maintained a Buy rating on CMS Energy (CMS – Research Report) today and set a price target of $66.00. The company’s shares closed yesterday at $63.15.
Karp covers the Utilities sector, focusing on stocks such as Dominion Energy, CMS Energy, and Edison International. According to TipRanks, Karp has an average return of 3.5% and a 53.82% success rate on recommended stocks.
CMS Energy has an analyst consensus of Moderate Buy, with a price target consensus of $65.18, a 3.21% upside from current levels. In a report released on May 13, BMO Capital also reiterated a Buy rating on the stock with a $71.00 price target.
Based on CMS Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.49 billion and a net profit of $198 million. In comparison, last year the company earned a revenue of $1.92 billion and had a net profit of $145 million
Based on the recent corporate insider activity of 69 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on CMS:
- CMS Energy management to meet virtually with KeyBanc
- CMS Energy price target raised to $71 from $68 at BMO Capital
- CMS Energy price target raised to $70 from $68 at Argus
- CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
- Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
