CMS Energy Corporation (CMS)
| Market Cap | 17.72B |
| Revenue (ttm) | 7.35B |
| Net Income (ttm) | 960.00M |
| Shares Out | 298.62M |
| EPS (ttm) | 3.28 |
| PE Ratio | 18.09 |
| Forward PE | 17.60 |
| Dividend | $2.06 (3.47%) |
| Ex-Dividend Date | May 14, 2024 |
| Volume | 2,299,719 |
| Open | 60.65 |
| Previous Close | 60.48 |
| Day's Range | 59.32 - 60.65 |
| 52-Week Range | 49.87 - 63.76 |
| Beta | 0.38 |
| Analysts | Buy |
| Price Target | 62.67 (+5.61%) |
| Earnings Date | Apr 25, 2024 |
About CMS
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 mil... [Read more]
Financial Performance
In 2023, CMS Energy's revenue was $7.46 billion, a decrease of -13.19% compared to the previous year's $8.60 billion. Earnings were $877.00 million, an increase of 6.05%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for CMS stock is "Buy." The 12-month stock price forecast is $62.67, which is an increase of 5.61% from the latest price.
News
CMS Energy Announces First Quarter Results for 2024, Reaffirms 2024 Adjusted EPS Guidance
JACKSON, Mich. , April 25, 2024 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.96 for the first quarter of 2024, compared to $0.69 per share for 2023.
CMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock
JACKSON, Mich. , April 22, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock.
Consumers Energy And Oncourse Home Solutions Complete Sale of Appliance Service Plan Business
NAPERVILLE, Ill. , April 11, 2024 /PRNewswire/ -- Consumers Energy, a subsidiary of CMS Energy (NYSE: CMS) and Oncourse Home Solutions (OHS), a leader in providing trusted and affordable home warranty...
CONSUMERS ENERGY AND ONCOURSE HOME SOLUTIONS COMPLETE SALE OF APPLIANCE SERVICE PLAN BUSINESS
JACKSON, Mich. , April 11, 2024 /PRNewswire/ -- Consumers Energy, a subsidiary of CMS Energy (NYSE: CMS) and Oncourse Home Solutions (OHS), a leader in providing trusted and affordable home warranty s...
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CMS Energy to Announce 2024 First Quarter Results on April 25
JACKSON, Mich. , April 4, 2024 /PRNewswire/ -- CMS Energy announced today it will provide 2024 first quarter results along with a business and financial outlook at 9:30 a.m.
Consumers Energy Foundation Announces 10 Finalists for $50,000 Put Your Town on the Map Competition
JACKSON, Mich. , March 14, 2024 /PRNewswire/ -- The Consumers Energy Foundation announced today the top 10 finalists for the Put Your Town on the Map Competition, which will provide $50,000 in grant f...
CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
JACKSON, Mich. , Feb. 9, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a dividend on the 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C of the Corporation.
Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock
JACKSON, Mich. , Feb. 9, 2024 /PRNewswire/ -- The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the utility's preferred stock.
ONCOURSE HOME SOLUTIONS ANNOUNCES ACQUISITION OF CONSUMERS ENERGY APPLIANCE SERVICE PLAN BUSINESS
NAPERVILLE, Ill. , Feb. 5, 2024 /PRNewswire/ -- Oncourse Home Solutions (OHS), a leader in providing trusted and affordable home warranty solutions, announced today that its affiliate American Water R...
CONSUMERS ENERGY ANNOUNCES THE SALE OF ITS APPLIANCE SERVICE PLAN BUSINESS TO ONCOURSE HOME SOLUTIONS
JACKSON, Mich. , Feb. 5, 2024 /PRNewswire/ -- Consumers Energy, a subsidiary of CMS Energy (NYSE: CMS), today announced that it has executed a definitive agreement to sell its internal business unit, ...
CMS Energy Announces Finance and Electric Supply Leadership Changes
Tim Sparks Retires after More Than 30 Years with the Company JACKSON, Mich. , Feb. 1, 2024 /PRNewswire/ -- CMS Energy and its principal subsidiary, Consumers Energy, announced today that Tim Sparks, v...
CMS Energy's Board of Directors Increases Quarterly Dividend on Common Stock to 51.50 Cents Per Share
JACKSON, Mich. , Feb. 1, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy today increased the quarterly dividend on the company's common stock to 51.50 cents per share, up from 48.75 cents pe...
CMS Energy Announces Strong 2023 Results for the 21st Consecutive Year and Raises 2024 Adjusted EPS Guidance
JACKSON, Mich. , Feb. 1, 2024 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $3.01 for 2023, compared to $2.85 per share for 2022.
Consumers Energy and Consumers Energy Foundation Donate More than $11 Million in 2023
Employees and retirees spent more than 65,000 hours volunteering across Michigan JACKSON, Mich. , Jan. 30, 2024 /PRNewswire/ -- The Consumers Energy Foundation, Consumers Energy, and its employees and...
Consumers Energy Foundation Planet Awards to Provide $500,000 to Environmental Projects
JACKSON, Mich. , Jan. 26, 2024 /PRNewswire/ -- The Consumers Energy Foundation is calling on nonprofit organizations across the state to submit letters of intent for the 2024 Planet Awards.
Consumers Energy Foundation to Award $50,000 for Three Small Towns in Put Your Town on the Map Competition
JACKSON, Mich. , Jan. 23, 2024 /PRNewswire/ -- The Consumers Energy Foundation is calling for entries in the annual Put Your Town on the Map pitch competition, which will provide $50,000 in grant fund...
Consumers Energy Offers Tips to Help Households Reduce Winter Heating Bills and Get Help
JACKSON, Mich. , Jan. 16, 2024 /PRNewswire/ -- With frigid cold draped across Michigan this week, Consumers Energy is highlighting programs, dollars and ways to help Michiganders lower and get help wi...
CMS Energy to Announce 2023 Year-End Results on February 1
JACKSON, Mich. , Jan. 11, 2024 /PRNewswire/ -- CMS Energy announced today it will provide 2023 year-end results along with a business and financial outlook at 9:30 a.m.
Consumers Energy Starts Operating Heartland Farms Wind in Central Michigan
Five Wind Farms Powering 330,000 Households with Clean Energy MIDDLETON, Mich. , Jan. 2, 2024 /PRNewswire/ -- Heartland Farms Wind in Gratiot County is producing clean energy for Michigan homes and bu...
Consumers Energy Continues Billion-Dollar Natural Gas Investment to Reduce Long-Term Costs for Customers
Replacing aging infrastructure results in safer, more affordable natural gas JACKSON, Mich. , Dec. 19, 2023 /PRNewswire/ -- Consumers Energy is continuing its $1 billion annual investment in the compa...
Consumers Energy Spending More than $1 Million to Reduce Bills and Help People in Disadvantaged Communities
Help for Flint neighborhoods with poor air quality, energy efficiency challenges JACKSON, Mich. , Nov. 6, 2023 /PRNewswire/ -- Consumers Energy has invested more than $1 million this year in initiativ...
CMS Energy Announces Third Quarter Results, Introduces 2024 Guidance
JACKSON, Mich. , Oct. 26, 2023 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.60 for the third quarter of 2023, compared to $0.56 per share for the same quarter in 2022.
Consumers Energy Foundation Announces $500,000 for Prosperity Award Winners
Grants support Cheboygan Area Arts Council, City of Madison Heights JACKSON, Mich. , Oct. 19, 2023 /PRNewswire/ -- The Consumers Energy Foundation announced today $500,000 in grant funding as part ...
Dislocation in utilities has created an attractive buying opportunity, says KeyBanc's Sophie Karp
Sophie Karp, utilities and alternative energy analyst at KeyBanc, joins 'The Exchange' to discuss how rising rates hurt the utilities sector dividend yield, dislocation in utilities prices creating op...