In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Buy rating on CMS Energy (CMS – Research Report), with a price target of $80.00. The company’s shares closed last Friday at $72.51, close to its 52-week high of $73.64.
According to TipRanks.com, Tonet is a 4-star analyst with an average return of 8.2% and a 60.6% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Equitrans Midstream.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CMS Energy with a $70.55 average price target.
CMS Energy’s market cap is currently $21.04B and has a P/E ratio of 15.57.
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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.
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