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Analyst Provides Guidance for This Canadian Energy Stock

In a report released today, Anthony Crowdell from Mizuho Securities maintained a Buy rating on CMS Energy (CMSResearch Report), with a price target of $73.00. The company’s shares closed last Wednesday at $66.50.

According to TipRanks.com, Crowdell is a 4-star analyst with an average return of 3.5% and a 63.8% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Pinnacle West Capital, Consolidated Edison, and Centerpoint Energy.

Currently, the analyst consensus on CMS Energy is a Moderate Buy with an average price target of $70.20, a 5.4% upside from current levels. In a report issued on June 27, BMO Capital also maintained a Buy rating on the stock with a $71.00 price target.

See the top stocks recommended by analysts >>

CMS Energy’s market cap is currently $19.29B and has a P/E ratio of 14.32.

Based on the recent corporate insider activity of 73 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity. The Gas Utility segment is comprised of the purchase, transmission, storage, distribution and sale of natural gas The Enterprises segment engages primarily in domestic independent power production, marketing of independent power production and the development and operation of renewable generation. The company was founded in 1987 and is headquartered in Jackson, MI.

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