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Wells Fargo Reaffirms Their Hold Rating on CMS Energy (CMS)

Tipranks - Fri Mar 13, 6:10AM CDT

Wells Fargo analyst maintained a Hold rating on CMS Energy today and set a price target of $74.00.

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In addition to Wells Fargo, CMS Energy also received a Hold from TipRanks – OpenAI’s OpenAI Regulated Electric in a report issued on February 21. However, on March 2, KeyBanc 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

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. Earlier this month, Brandon J. Hofmeister, the SVP of CMS sold 4,000.00 shares for a total of $312,920.00.

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