Wells Fargo raised the firm’s price target on CMS Energy to $64 from $62 and keeps an Overweight rating on the shares. The roll forward of CMS’s 5-year financial plan shows the resilience of the company’s 7%+ EPS CAGR outlook relative to peers, the analyst tells investors in a research note.
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Read More on CMS:
- CMS Energy Presents 2023 Results and Future Outlook
- CMS Energy increases quarterly dividend to 51.5c per share
- CMS Energy’s Board of Directors Increases Quarterly Dividend on Common Stock to 51.50 Cents Per Share
- CMS Energy raises FY24 adjusted EPS view to $3.29-$3.35 from $3.27-$3.33
- CMS Energy reports Q4 adjusted EPS $1.05, consensus $1.04