CMS Energy Corporation with ticker code (CMS) now have 17 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 75 and 55 with a mean TP of 64.88. Given that the stocks previous close was at 57.03 this indicates there is a potential upside of 13.8%. The 50 day moving average now sits at 61.36 and the 200 day MA is 65.89. The market cap for the company is $16,434m. You can visit the company’s website by visiting: https://www.cmsenergy.com
The potential market cap would be $18,696m based on the market concensus.
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
