CMS Energy (CMS) Receives a Hold from SunTrust Robinson


In a report released yesterday, Ali Agha from SunTrust Robinson reiterated a Hold rating on CMS Energy (NYSE: CMS), with a price target of $50. The company’s shares closed yesterday at $49.52, close to its 52-week high of $50.85.

According to TipRanks.com, Agha is a 4-star analyst with an average return of 9.3% and a 75.0% success rate. Agha covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Edison International.

Currently, the analyst consensus on CMS Energy is a Moderate Buy with an average price target of $49.50.

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CMS Energy’s market cap is currently $14.02B and has a P/E ratio of 25.47. The company has a Price to Book ratio of 3.

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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.

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