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KeyBanc Raises CMS Energy Corporation (CMS) Target to $83, Keeps Overweight
Yahoo Finance· 2026-03-08 15:39
Core Viewpoint - CMS Energy Corporation (NYSE:CMS) is recognized as one of the top stocks to invest in during a recession, indicating its resilience and potential stability in challenging economic conditions [1]. Group 1: Analyst Ratings and Price Target - On March 2, 2026, KeyBanc raised the price target for CMS Energy from $79 to $83 while maintaining an Overweight rating, following discussions about Michigan's regulatory environment and the upcoming gubernatorial election [2]. - The analysis also included insights into the data center pipeline and the company's outlook regarding large-load customer mix and long-term capital expenditure requirements [2]. Group 2: Insider Activity - On February 27, 2026, CMS Energy's Director, Diane Leopold, purchased 2,000 shares valued at approximately $153,380, indicating confidence in the company's future [3]. - Prior to this, on February 23, 2026, another Director, John G. Russell, sold 14,914 shares in a transaction valued at $1,129,735, reflecting a mix of insider trading activities [3]. Group 3: Company Overview - Founded in 1987, CMS Energy is a leading utility provider in Michigan, serving over 3.5 million electric and gas customers, highlighting its significant market presence [4].