CMS Energy (CMS) Receives a Buy from Barclays
In a report released today, Nicholas Campanella from Barclays maintained a Buy rating on CMS Energy, with a price target of $79.00.
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According to TipRanks, Campanella is a 5-star analyst with an average return of 11.8% and a 69.31% success rate. Campanella covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Edison International, and CMS Energy.
In addition to Barclays, CMS Energy also received a Buy from BMO Capital’s James Thalacker in a report issued on April 22. However, on April 21, Wells Fargo maintained a Hold rating on CMS Energy (NYSE: CMS).
Based on CMS Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.73 billion and a net profit of $340 million. In comparison, last year the company earned a revenue of $2.45 billion and had a net profit of $304 million
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMS in relation to earlier this year. Last month, Brandon J. Hofmeister, the SVP of CMS sold 4,000.00 shares for a total of $312,920.00.
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