CMS Energy Gets a Buy Rating from BMO Capital

By Carrie Williams

In a report issued on July 28, Michael Worms from BMO Capital reiterated a Buy rating on CMS Energy (NYSE: CMS), with a price target of $48. The company’s shares closed on Friday at $46.30.

According to, Worms is a 5-star analyst with an average return of 13.4% and a 88.4% success rate. Worms covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on CMS Energy is Moderate Buy and the average price target is $49, representing a 5.8% upside.

In a report issued on July 24, Credit Suisse also upgraded the stock to Buy with a $50 price target.

Based on CMS Energy’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.45 billion and quarterly net profit of $92 million. In comparison, last year the company earned revenue of $1.37 billion and had a net profit of $124 million.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, Glenn Barba, the VP, Controller, CAO of CMS sold 16,000 shares for a total of $721,840.

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CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment refers to the generation, purchase, transmission, distribution, and sale of electricity.