J.P. Morgan Maintains Their Buy Rating on CMS Energy (CMS)
J.P. Morgan analyst Christopher Turnure maintained a Buy rating on CMS Energy (CMS) today and set a price target of $63.00. The company’s shares closed last Monday at $57.46.
According to TipRanks.com, Turnure is a 3-star analyst with an average return of 0.3% and a 57.9% success rate. Turnure covers the Utilities sector, focusing on stocks such as DTE Energy, Evergy, and Spire.
Currently, the analyst consensus on CMS Energy is a Moderate Buy with an average price target of $67.85.
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The company has a one-year high of $69.17 and a one-year low of $46.03. Currently, CMS Energy has an average volume of 2.48M.
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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. The Gas Utility segment is comprised of the purchase, transmission, storage, distribution and sale of natural gas The Enterprises segment engages primarily in domestic independent power production, marketing of independent power production and the development and operation of renewable generation. The company was founded in 1987 and is headquartered in Jackson, MI.