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Analysts’ Opinions Are Mixed on These Utilities Stocks: WEC Energy Group (WEC) and CMS Energy (CMS)

Tipranks - Fri Jan 16, 10:40PM CST

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on WEC Energy Group (WECResearch Report) and CMS Energy (CMSResearch Report).

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WEC Energy Group (WEC)

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on WEC Energy Group yesterday and set a price target of $115.00. The company’s shares closed last Thursday at $108.16, close to its 52-week high of $110.19.

According to TipRanks.com, Tonet is a 5-star analyst with an average return of 8.2% and a 59.7% 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 Hold analyst consensus rating for WEC Energy Group with a $119.92 average price target, implying an 11.6% upside from current levels. In a report issued on January 6, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $117.00 price target.

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CMS Energy (CMS)

Jefferies analyst Julien Dumoulin Smith maintained a Buy rating on CMS Energy yesterday and set a price target of $79.00. The company’s shares closed last Thursday at $71.28.

According to TipRanks.com, Smith is a 4-star analyst with an average return of 6.4% and a 57.5% success rate. Smith covers the Utilities sector, focusing on stocks such as American Electric Power, XPLR Infrastructure, and Mdu Resources Group. ;'>

Currently, the analyst consensus on CMS Energy is a Moderate Buy with an average price target of $78.13, which is a 9.9% upside from current levels. In a report issued on January 14, Barclays also maintained a Buy rating on the stock with a $74.00 price target.

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