CMS Energy (CMS) Receives a Hold from Mizuho Securities
In a report released yesterday, Anthony Crowdell from Mizuho Securities maintained a Hold rating on CMS Energy, with a price target of $78.00. The company’s shares closed yesterday at $74.73.
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Crowdell covers the Utilities sector, focusing on stocks such as CMS Energy, Eversource Energy, and Exelon. According to TipRanks, Crowdell has an average return of 7.2% and a 70.71% success rate on recommended stocks.
In addition to Mizuho Securities, CMS Energy also received a Hold from Wells Fargo’s Shahriar Pourreza in a report issued on April 21. However, yesterday, Scotiabank maintained a Buy 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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