Argus raised the firm’s price target on CMS Energy to $70 from $68 and keeps a Buy rating on the shares. The company’s Q1 earnings beat was aided by rate increases and lower maintenance costs, while its management has also recently signaled confidence in the company’s long-term outlook with a dividend hike of 6%, the analyst tells investors in a research note.
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Read More on CMS:
- CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
- Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
- CMS Energy price target raised to $59 from $57 at Barclays
- Electric Utilities: The AI Boom “Picks and Shovels” Play That’s Been Ignored
- CMS Energy price target raised to $66 from $64 at Wells Fargo
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