Analysts have been eager to weigh in on the Utilities sector with new ratings on CMS Energy (CMS) and AltaGas (ATGFF).
CMS Energy (CMS)
Citigroup analyst Ryan Levine maintained a Hold rating on CMS Energy today and set a price target of $62.00. The company’s shares closed last Tuesday at $62.89.
According to TipRanks.com, Levine is a 3-star analyst with an average return of 4.8% and a 71.4% success rate. Levine covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Mdu Resources Group, and Sempra Energy.
Currently, the analyst consensus on CMS Energy is a Moderate Buy with an average price target of $60.83, representing a -3.1% downside. In a report issued on July 22, RBC Capital also maintained a Hold rating on the stock with a $62.00 price target.
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AltaGas (ATGFF)
In a report released today, David Quezada from Raymond James maintained a Buy rating on AltaGas, with a price target of C$22.00. The company’s shares closed last Monday at $12.41.
Quezada has an average return of 8.7% when recommending AltaGas.
According to TipRanks.com, Quezada is ranked #417 out of 6850 analysts.
Currently, the analyst consensus on AltaGas is a Strong Buy with an average price target of $15.04, a 25.9% upside from current levels. In a report issued on July 23, Scotiabank also maintained a Buy rating on the stock with a C$20.00 price target.
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