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Analysts Offer Insights on Utilities Companies: CMS Energy (CMS) and Nisource (NI)

Tipranks - Tue Jun 9, 3:56AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on CMS Energy (CMS) and Nisource (NI) with bullish sentiments.

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CMS Energy (CMS)

KeyBanc analyst Sophie Karp reiterated a Buy rating on CMS Energy today and set a price target of $83.00. The company’s shares closed last Friday at $72.04, close to its 52-week high of $75.06.

According to TipRanks.com, Karp is a 4-star analyst with an average return of 4.3% and a 54.4% success rate. Karp covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and Pinnacle West Capital. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CMS Energy with a $81.00 average price target, implying a 14.4% upside from current levels. In a report issued on June 3, Bank of America Securities also maintained a Buy rating on the stock with a $88.00 price target.

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Nisource (NI)

In a report released today, Nicholas Campanella from Barclays maintained a Buy rating on Nisource, with a price target of $49.00. The company’s shares closed last Friday at $46.61.

According to TipRanks.com, Campanella is a 5-star analyst with an average return of 11.5% and a 66.9% success rate. Campanella covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and Pinnacle West Capital. ;'>

Nisource has an analyst consensus of Strong Buy, with a price target consensus of $51.45.

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