SunTrust Robinson Reiterates Their Hold Rating on CMS Energy (CMS)

By Carrie Williams

In a report released yesterday, Ali Agha from SunTrust Robinson reiterated a Hold rating on CMS Energy (CMSResearch Report), with a price target of $55. The company’s shares closed yesterday at $51.40.

According to TipRanks.com, Agha is a 5-star analyst with an average return of 10.5% and a 73.8% success rate. Agha covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Edison International.

CMS Energy has an analyst consensus of Moderate Buy, with a price target consensus of $52.67.

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CMS Energy’s market cap is currently $14.56B and has a P/E ratio of 26.62. The company has a Price to Book ratio of 3.07.

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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.