Price Target Update on CMS Energy Corporation (NYSE:CMS)

CMS Energy Corporation (NYSE:CMS) : Currently there are 7 street experts covering CMS Energy Corporation (NYSE:CMS) stock. The most bullish and bearish price target for the stock is $43 and $37 respectively for the short term. The average price target of all the analysts comes to $41.14. The estimated standard deviation from the target is $2.48.

Other Equity analysts have also commented on the company shares. Macquarie downgrades its view on CMS Energy Corporation (NYSE:CMS) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on April 4, 2016.

CMS Energy Corporation (NYSE:CMS): On Thursdays trading session , Opening price of the stock was $43.66 with an intraday high of $43.69. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $43.35. However, the stock managed to close at $43.59, a loss of 0.14% for the day. On the previous day, the stock had closed at $43.65. The total traded volume of the day was 2,610,556 shares.

The company shares have rallied 39.06% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $44.54 and the one year low was seen on Jun 26, 2015. The 50-Day Moving Average price is $42.15 and the 200 Day Moving Average price is recorded at $39.80. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (Senior Vice President) of Cms Energy Corp, Malone Daniel J had sold 3,639 shares worth of $149,017 in a transaction dated May 25, 2016. In this transaction, 3,639 shares were sold at $40.95 per share.

CMS Energy Corporation (CMS Energy) is an energy company. The Company operates in three segments: consumers electric utility, consumers gas utility and enterprises. CMS Energy is engaged in independent power production and owns power generation facilities fueled by natural gas and biomass. Its subsidiaries include Consumers Energy Company (Consumers) and CMS Enterprises Company (CMS Enterprises). Consumers is an electric and gas utility, and CMS Enterprises is a domestic independent power producer. The Consumers electric utility segments operations include the generation, purchase, distribution and sale of electricity. CMS Energys enterprises segment is engaged in domestic independent power production and the marketing of independent power production. Consumers gas utility operations include the purchase, transmission, storage, distribution and sale of natural gas.

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