BMO Capital Maintains Outperform Rating on CMS Energy Amid Regulatory Filing
On June 4, BMO Capital analyst James Thalacker reaffirmed his 'Outperform' rating for CMS Energy (NYSE:CMS), lowering the price target from $82 to $81. The adjustment follows a regulatory filing by Consumers Energy seeking a $456 million revenue increase based on a proposed return of 10.25% on equity and an equity layer of 51.75%. Analysts remain optimistic about CMS's long-term growth potential due to strong earnings, dividend prospects, capital deployment plans, and favorable regulatory conditions.
Tickers: $CMSD
Topics: BMO Capital CMS Energy Electric Utilities Regulatory Filing Truist