CMS Energy Corporation – Consensus Says Potential Rise of 10.4%
CMS Energy Company found using ticker (CMS) now have 19 analysts covering the stock. Analyst consensus indicates a âBuyâ rating. The range between the high target price and the low target price is between 74 and 61, with the average target price being 66.63. With the stock’s previous close at 60.35, this indicates that there is upside potential of 10.4%. The 50-day moving average is 60.74 and the 200-day moving average is 62.07. The company has a market capitalization of $ 17,466 million. Visit the company’s website at: http://www.cmsenergy.com
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in four segments: electric utilities, gas utilities, enterprises and EnerBank. The electric utility sector is involved in the production, purchase, transmission, distribution and sale of electricity. This segment produces electricity from coal, wind power, gas, renewable energies, oil and nuclear. Its distribution system includes 205 miles of overhead high voltage distribution lines; 4 miles of underground high voltage distribution lines; 4,428 miles of high voltage overhead distribution lines; 19 miles of underground high voltage distribution lines; 77,833 miles of overhead electrical distribution lines; 9,264 miles of underground distribution lines; 1,096 positions; and 2 battery installations. The Gas Utilities segment deals with the purchase, transportation, storage, distribution and sale of natural gas, which includes 2,410 miles of transmission lines; 15 gas fields; 27,958 miles of distribution lines; and 8 compressor stations. The Enterprise segment is involved in the independent production and marketing of electricity, including the development and operation of renewable energy production. It holds interests in independent power plants totaling 1,838 megawatts. The EnterBank segment operates an industrial bank offering unsecured installment loans for the financing of home renovations. It serves 1.9 million electricity customers and 1.8 million gas customers, including diversified residential, commercial and industrial customers. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.
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