Guggenheim Keeps Their Hold Rating on CMS Energy (CMS)

By Austin Angelo

In a report released yesterday, Shahriar Pourreza from Guggenheim reiterated a Hold rating on CMS Energy (CMSResearch Report), with a price target of $53. The company’s shares closed yesterday at $48.60.

According to, Pourreza is a top 100 analyst with an average return of 13.0% and a 80.2% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Newjersey Resources Corp, American Electric Power, and Edison International.

CMS Energy has an analyst consensus of Moderate Buy, with a price target consensus of $52.88, which is an 8.8% upside from current levels. In a report issued on December 24, SunTrust Robinson also reiterated a Hold rating on the stock with a $53 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 $1.78 billion and had a GAAP net loss of $3 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.