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Stock analysts at SunTrust boosted their target price on shares of CMS Energy (NYSE:CMS) from $30.00 to $31.00 in a report issued on Tuesday. SunTrust’s price objective would indicate a potential upside of 1.51% from the stock’s previous close.

CMS Energy (NYSE:CMS) traded down 0.72% during mid-day trading on Tuesday, hitting $30.32. The stock had a trading volume of 1,452,304 shares. CMS Energy has a one year low of $25.74 and a one year high of $31.23. The stock has a 50-day moving average of $29.76 and a 200-day moving average of $29.45. The company has a market cap of $8.337 billion and a price-to-earnings ratio of 16.24.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that CMS Energy will post $1.77 earnings per share for the current fiscal year.

CMS has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of CMS Energy in a research note on Friday, July 25th. They now have a $33.00 price target on the stock, up previously from $32.00. Analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy in a research note on Friday, July 18th. They now have a $32.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $31.17.

CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.

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