CMS Energy (CMS) Gets a Hold Rating from RBC Capital

By Jason Carr

In a report issued on April 28, Shelby Tucker from RBC Capital maintained a Hold rating on CMS Energy (CMSResearch Report), with a price target of $62.00. The company’s shares closed last Thursday at $56.64.

According to, Tucker is a 5-star analyst with an average return of 5.5% and a 66.3% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CMS Energy with a $64.50 average price target, a 13.2% upside from current levels. In a report issued on April 15, Morgan Stanley also maintained a Hold rating on the stock with a $62.00 price target.

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CMS Energy’s market cap is currently $16.39B and has a P/E ratio of 23.80. The company has a Price to Book ratio of 3.27.

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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.