Citigroup analyst Praful Mehta maintained a Hold rating on CMS Energy (NYSE: CMS) today and set a price target of $49. The company’s shares closed on Friday at $48.59.
According to TipRanks.com, Mehta is a 3-star analyst with an average return of 11.0% and a 71.4% success rate. Mehta covers the Utilities sector, focusing on stocks such as Edison International, Vistra Energy Corp, and Eversource Energy.
CMS Energy has an analyst consensus of Moderate Buy, with a price target consensus of $48.
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CMS Energy’s market cap is currently $13.73B and has a P/E ratio of 27.24. The company has a Price to Book ratio of 2.99.
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.
