BMO Capital analyst James Thalacker lowered the firm's price target on CMS Energy to $81 from $82 and keeps an Outperform rating on the shares. The firm adjusted its model as it cites the company subsidiary Consumers Energy having filed its electric rate case application yesterday, requesting a $456M revenue requirement increase predicated on a 10.25% ROE and 51.75% equity layer. BMO adds that its positive outlook reflects the company's above-average EPS and DPS growth rates, long-dated visible capital program, consistent execution, and supportive regulatory environment.
