CMS Energy (CMS) Gets a Hold Rating from Morgan Stanley

By Jason Carr

Morgan Stanley analyst Stephen Byrd maintained a Hold rating on CMS Energy (CMSResearch Report) today and set a price target of $59. The company’s shares closed last Monday at $61.27, close to its 52-week high of $61.46.

According to, Byrd is a 1-star analyst with an average return of -2.0% and a 51.9% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and Public Service Enterprise.

CMS Energy has an analyst consensus of Hold, with a price target consensus of $61.50.

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CMS Energy’s market cap is currently $17.39B and has a P/E ratio of 29.79. The company has a Price to Book ratio of 3.58.

Based on the recent corporate insider activity of 69 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.