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CMS Energy (NYSE:CMS) has been given a “BBB-” credit rating by analysts at Morningstar. The firm’s “BBB-” rating indicates that the company is a moderate default risk. They also issued a negative credit outlook for the company and gave their stock a two star rating.

A number of other firms have also recently commented on CMS. Analysts at SunTrust raised their price target on shares of CMS Energy from $30.00 to $31.00 in a research note on Tuesday. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $31.17.

Shares of CMS Energy (NYSE:CMS) opened at 30.33 on Friday. CMS Energy has a 52 week low of $25.81 and a 52 week high of $31.23. The stock has a 50-day moving average of $29.76 and a 200-day moving average of $29.51. The company has a market cap of $8.340 billion and a P/E ratio of 16.20.

CMS Energy (NYSE:CMS) last announced its earnings results 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 $1.76 earnings per share for the current fiscal year.

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

To view more credit ratings from Morningstar, visit www.morningstar.com.

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