CMS Energy Corporation (NYSE:CMS) is included among the Billionaire George Soros Stock Portfolio: 10 Best Stocks to Buy.
On May 21, Morgan Stanley lowered its price recommendation on CMS Energy Corporation (NYSE:CMS) to $77 from $81. It reiterated an Equal Weight rating on the shares. The analyst said the firm updated its price targets for North American Regulated & Diversified Utilities and Independent Power Producers (IPPs) for April. Morgan Stanley also noted that utilities underperformed the S&P 500 during the month.
On May 18, Truist lowered its price target on CMS to $83 from $86. It kept a Buy rating on the stock. The move was part of a broader update to the firm’s Power and Utilities models ahead of the American Gas Association’s Financial Forum. According to Truist, the utility sector is now in its third year of the data center expansion cycle, with investment levels continuing to rise alongside growth expectations. The firm believes vertically integrated electric utilities are among the biggest beneficiaries because they are building the infrastructure needed to support increasing power demand from data centers.
CMS Energy Corporation (NYSE:CMS) is an energy company that primarily operates in Michigan. The company conducts its business through three main segments: Electric Utility, Gas Utility, and NorthStar Clean Energy.
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