BMO Capital analyst James Thalacker maintains $CMS Energy (CMS.US)$ with a buy rating, and adjusts the target price from $69 to $76.
According to TipRanks data, the analyst has a success rate of 66.5% and a total average return of 13.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CMS Energy (CMS.US)$'s main analysts recently are as follows:
The company is viewed favorably due to its higher-than-average growth rates in earnings per share and dividends, its extensive and clear capital investment program, its steady operational performance, and a beneficial regulatory setting. It is also noted that the company's shares are currently available at a price below their usual relative valuation.
The justification for CMS Energy's premium is seen as warranted due to state backing for the shift towards clean energy and the expansion of data centers. This includes the expectation of a 9% return on clean-energy Power Purchase Agreements.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
