CMS Energy (CMS) Receives a Hold from Morgan Stanley
Morgan Stanley analyst David Arcaro assigned a Hold rating to the stock yesterday. The company’s shares closed yesterday at $74.62.
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Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy. According to TipRanks, Arcaro has an average return of 14.7% and a 68.13% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CMS Energy with a $81.18 average price target.
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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