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Analysts Have Conflicting Sentiments on These Utilities Companies: Mdu Resources Group (MDU) and CMS Energy (CMS)

Tipranks - Wed May 20, 7:40AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on Mdu Resources Group (MDU) and CMS Energy (CMS).

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Mdu Resources Group (MDU)

In a report released yesterday, Aidan Kelly from J.P. Morgan maintained a Hold rating on Mdu Resources Group, with a price target of $24.00. The company’s shares closed last Monday at $22.48.

According to TipRanks.com, Kelly is a 2-star analyst with an average return of -0.6% and a 50.0% success rate. Kelly covers the Utilities sector, focusing on stocks such as Edison International, Sempra Energy, and Northwestern. ;'>

Mdu Resources Group has an analyst consensus of Moderate Buy, with a price target consensus of $23.00, a 3.0% upside from current levels. In a report issued on May 15, TD Cowen also maintained a Hold rating on the stock with a $22.00 price target.

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CMS Energy (CMS)

J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on CMS Energy yesterday and set a price target of $82.00. The company’s shares closed last Monday at $72.13, close to its 52-week high of $75.06.

According to TipRanks.com, Tonet is a 5-star analyst with an average return of 9.3% and a 60.6% success rate. Tonet covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CMS Energy with a $82.30 average price target, which is a 14.0% upside from current levels. In a report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $83.00 price target.

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