In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on CMS Energy (NYSE: CMS), with a price target of $50. The company’s shares closed yesterday at $49.11.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on CMS Energy is a Moderate Buy with an average price target of $49.60.
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CMS Energy’s market cap is currently $13.91B and has a P/E ratio of 25.26. The company has a Price to Book ratio of 2.98.
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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.
