KeyBanc Raises CMS Energy Corporation (CMS) Target to $83, Keeps Overweight

CMS Energy Corporation (NYSE:CMS) is one of the 10 best stocks to invest in during a recession.

On March 2, 2026, CMS Energy Corporation (NYSE:CMS) saw its price target from KeyBanc raised from $79 to $83 by the firm’s analyst Sophie Karp while keeping an Overweight rating on the stock. This update follows multiple meetings between investors and management. Most of the discussions focused on Michigan’s prevailing regulatory environment and the upcoming gubernatorial election. Additionally, the firm analyzed the data center pipeline and the company’s outlook for developments in large-load customer mix and long-term capital expenditure requirements.

Prior to this, on February 27, 2026, CMS Energy Corporation (NYSE:CMS) recorded notable insider activity from one of its executives. The company’s Director, Diane Leopold, purchased 2,000 shares of the company’s stock. The purchase was valued at approximately $153,380. A few days before this transaction, the company witnessed significant sales from another official. On February 23, 2026, the company’s Director, John G. Russell, disclosed the sale of 14,914 shares of CMS Energy Corporation (NYSE:CMS)’s stock in a transaction valued at $1,129,735.

Founded in 1987, CMS Energy Corporation (NYSE:CMS) is a leading Michigan-based utility provider that serves over 3.5 million electric and gas customers.

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