In a report issued on August 13, Paul Ridzon from KeyBanc reiterated a Buy rating on CMS Energy (NYSE: CMS), with a price target of $51. The company’s shares opened today at $49.36, close to its 52-week high of $50.85.
According to TipRanks.com, Ridzon is a 4-star analyst with an average return of 12.1% and a 88.4% success rate. Ridzon covers the Utilities sector, focusing on stocks such as American Electric Power, Mdu Resources Group Inc, and NextEra Energy Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CMS Energy with a $49.50 average price target.
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CMS Energy’s market cap is currently $14B and has a P/E ratio of 25.44. The company has a Price to Book ratio of 3.00.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.
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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 refers to the generation, purchase, transmission, distribution, and sale of electricity.
