Barclays Keeps Their Hold Rating on CMS Energy (CMS)
Barclays analyst Eric Beaumont maintained a Hold rating on CMS Energy (CMS) on June 18 and set a price target of $61. The company’s shares closed yesterday at $58.89, close to its 52-week high of $59.04.
According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.
CMS Energy has an analyst consensus of Moderate Buy, with a price target consensus of $58, a -1.5% downside from current levels. In a report issued on June 4, KeyBanc also initiated coverage with a Hold rating on the stock.
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The company has a one-year high of $59.04 and a one-year low of $44.98. Currently, CMS Energy has an average volume of 2.12M.
Based on the recent corporate insider activity of 67 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 engages in the generation, purchase, transmission, distribution and sale of electricity.