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Morgan Stanley Reaffirms Their Hold Rating on CMS Energy (CMS)

Tipranks - Sat Feb 21, 8:04AM CST

Morgan Stanley analyst David Arcaro maintained a Hold rating on CMS Energy today and set a price target of $80.00.

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According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.0% and a 65.20% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, Pinnacle West Capital, and PG&E.

In addition to Morgan Stanley, CMS Energy also received a Hold from Mizuho Securities’s Anthony Crowdell in a report issued on February 10. However, on February 13, Bank of America Securities maintained a Buy rating on CMS Energy (NYSE: CMS).

Based on CMS Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.23 billion and a net profit of $289 million. In comparison, last year the company earned a revenue of $1.99 billion and had a net profit of $265 million

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