Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on CMS Energy on Monday, setting a price target of $62, which is approximately 0.55% above the present share price of $61.66.
Byrd expects CMS Energy to post earnings per share (EPS) of $0.61 for the third quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in CMS Energy, with an average price target of $66.38.
The analysts price targets range from a high of $71 to a low of $62.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.56 billion and a net profit of $252 million. The company's market cap is $17.86 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.4% and a 59.45% success rate.
CMS Energy Corp (NYSE:CMS). 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.