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Compare · CMS vs PEG

CMS vs PEG

Side-by-side comparison of CMS Energy Corporation (CMS) and Public Service Enterprise Group Incorporated (PEG): market cap, price performance, sector, and recent activity on the wire.

Summary

  • Both CMS and PEG operate in Power Generation (Utilities), so they compete in similar markets.
  • PEG is the larger of the two at $38.21B, about 1.8x CMS ($21.80B).
  • Over the past year, CMS is up 1.9% and PEG is down 4.5% - CMS leads by 6.3 points.
  • CMS has been more active in the news (18 items in the past 4 weeks vs 2 for PEG).
  • Both have 25 recent analyst ratings on file.
PerformanceCMS+1.88%PEG-4.46%
2025-06-02+0.00%2026-06-02
MetricCMSPEG
Company
CMS Energy Corporation
Public Service Enterprise Group Incorporated
Price
$71.55+1.37%
$78.23+2.03%
Market cap
$21.80B
$38.21B
1M return
-5.92%
-2.40%
1Y return
+1.88%
-4.46%
Industry
Power Generation
Power Generation
Exchange
NYSE
NYSE
IPO
News (4w)
18
2
Recent ratings
25
25
CMS

CMS Energy Corporation

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. 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 205 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 77,833 miles of electric distribution overhead lines; 9,264 miles of underground distribution lines; 1,096 substations; and 2 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,410 miles of transmission lines; 15 gas storage fields; 27,958 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It owns interests in independent power plants totalling 1,838 megawatts. The EnterBank segment operates an industrial bank providing unsecured installment loans for financing home improvements. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.

PEG

Public Service Enterprise Group Incorporated

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2020, it had electric transmission and distribution system of 25,000 circuit miles and 860,000 poles; 54 switching stations with an installed capacity of 38,353 megavolt-amperes (MVA), and 245 substations with an installed capacity of 8,647 MVA; four electric distribution headquarters and five electric sub-headquarters; and 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 58 natural gas metering and regulating stations. The Power segment operates nuclear, gas, oil-fired, and renewable generation assets. It has total generating output was approximately 52,900 gigawatts hours; and owns and operates 467 MW direct current of photovoltaic solar generation facilities. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.

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