CMS Energy (CMS) Gets a Hold Rating from Citigroup

By Carrie Williams

Citigroup analyst Praful Mehta maintained a Hold rating on CMS Energy (CMSResearch Report) today and set a price target of $52. The company’s shares closed yesterday at $51.19.

According to TipRanks.com, Mehta is a 4-star analyst with an average return of 8.9% and a 70.0% success rate. Mehta covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Edison International, and Vistra Energy Corp.

CMS Energy has an analyst consensus of Moderate Buy, with a price target consensus of $52.78, a 3.1% upside from current levels. In a report issued on December 17, SunTrust Robinson also reiterated a Hold rating on the stock with a $55 price target.

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Based on CMS Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.6 billion and net profit of $169 million. In comparison, last year the company earned revenue of $1.53 billion and had a net profit of $172 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 refers to the generation, purchase, transmission, distribution, and sale of electricity.