In a report released yesterday, James Thalacker from BMO Capital maintained a Buy rating on CMS Energy (CMS – Research Report), with a price target of $62.00. The company’s shares closed yesterday at $56.73.
Thalacker covers the Utilities sector, focusing on stocks such as Dominion Energy, DTE Energy, and Duke Energy. According to TipRanks, Thalacker has an average return of 3.3% and a 49.21% success rate on recommended stocks.
In addition to BMO Capital, CMS Energy also received a Buy from J.P. Morgan’s Jeremy Tonet in a report issued on August 15. However, on August 23, Barclays initiated coverage with a Hold rating on CMS Energy (NYSE: CMS).
Based on CMS Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.49 billion and a net profit of $198 million. In comparison, last year the company earned a revenue of $1.8 billion and had a net profit of $173 million
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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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